Short Term Loans

As a service to our campus community, students may receive an interest-free short term loan up to $750.00.  Qualified students would have up to 30 days to pay the loan.

In order to qualify for a short term loan a student must:

• Be enrolled at least half time (6 hours undergraduate or 4 hours graduate)

• Have no past due charges and no outstanding Short Term Loan balances.

• Be in good financial standing with the university.  A loan request may be denied if the student has a history of late payments or returned checks.

Application and Approval

• Students wishing to obtain a Short Term Loan must complete an application with the Student Advocate’s Office or with the IUPUI Office of Student Financial Services and submit the application in person to the Office of Student Financial Services.  When submitting the application, the student applying for the loan will be required to present identification and sign the application with a Client Services Representative.
   
• Students may not have two outstanding Short Term Loans at the same time.  Students may have up to two loans within one semester (Fall or Spring), or one loan during each eight week Summer Session.
   
• The amount of a Short Term Loan a student may receive between semesters may be less than during a semester.  The student must be enrolled for the upcoming semester and meet the other qualifications described above.
   
• The application will be reviewed and the decision will be sent to the student's IU e-mail address.
   
• From the date of approval students may expect to receive Short Term Loan funds within 3-5 business days if they are signed up for direct deposit.  If the student does not have direct deposit set up for their refunds, the Short Term Loan proceeds check will be mailed to their local address listed with their student account and they should allow additional time for US Mail service deliver.

    Repayment of Short Term Loans

• Students who obtain a Short Term Loan may have up to 30 days from the date the loan is processed to repay. 
• Students who fail to pay the loan balance in full by the due date will be subject to late payment fees and an encumbrance preventing them from receiving University Services to include registering and receiving transcripts.