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Short Term Loans

The Institutional Emergency Short Term Loan Department offers funds to assist currently enrolled students who need temporary financial assistance. These funds can be used to assist with tuition payments, book expenses, or personal use.

*In order to receive a Short Term Loan for books or personal expenses ALL tuition and fees MUST BE paid.

What is a Short Term Loan?

A Short Term Loan is a loan that is available to assist currently enrolled students who need temporary financial assistance. These funds can assist you with tuition and fee payment, book expenses, or personal expenses. The funds for Short Term Loans come from private donations to the University specifically designated to assist students.

How much can I borrow for a Short Term Loan?

The maximum amount that you can borrow is $450.00 per semester.

You may split your loan between tuition, fees, book expenses or personal expenses. However, the total amount that you can receive in a semester is $450.00. 

How do I apply for a Short Term Loan?

1. Log into your Banner Account

2. On the Main Menu select "Student Services & Financial Aid"

3. On the next screen, select the fifth option down "Short Term Loan"

4. Read and select "I Understand" on the next 7 pages to continue.

5. Once you get to the Short Term Loan Application page, complete all of the information. Once you have completed the form, select "Submit".

6. Once you submit the application, you will have 48 hours to come to the Bursar's Office to sign the promissory note. Please be aware that the weekends count in the 48 hour window. The Bursar's Office is located in Aycock Hall, Room 109.

What information do I need to apply for a Short Term Loan?

            **References can not be: UWG Staff or UWG Faculty.

If you are not employed, you must verify that you are receiving a financial aid refund that will cover your Short Term Loan balance.

If you are not receiving a financial aid refund, you must bring proof of employment. A current check stub would satisfy this requirement.

If you are not employed or not receiving a financial aid refund you must complete the co-maker form below.

Co-Maker Form

Print the Co-Maker form and complete it. Your co-maker can be a friend or relative that agrees to be responsible for payments.

If your co-maker comes to the office with you to sign your promissory note, they must provide proof of employment and picture identification.

If your co-maker is unavailable to come to the office with you, you must have the co-maker form notarized. You must bring the original notarized and signed form to the office with you when you sign your promissory note. We will not accept a copy of the original.

Students wishing to obtain a Short Term Loan must present their student identification card when they come to sign their promissory note.

Why does the University of West Georgia sometimes run out of Short Term Loan money?

The Emergency Short Term Loan is a revolving loan fund. This means that the money that is available to you is money that has previously been borrowed and repaid by other students. Short Term Loans are available on a funds available basis. Once the funds have been depleted, no more loans will be available for that semester. If you need information pertaining to the availability of the Short Term Loan funds, you may contact the Bursar's Office at 678-839-4737.  Students who do not pay their Short Term Loans on time decrease the amount of money available for other students to borrow.

There are special funds in place to assist Anthropology majors, Geriatrics majors, Kappa Alpha Phi Fraternity members and international students. Please contact the Short Term Loan office for further information if you believe that you would qualify for these funds.

When will I repay my Short Term Loan?

All Short Term Loan payments are made based on a fixed payment schedule as determined at the beginning of each semester. Payment schedules must be followed or late fees will be assessed as outlined in the Short Term Loan Promissory note.

If you are using your financial aid refund for repayment, it is your responsibilty to make your payment once you receive your refund. Your Short Term Loan payment is not held out of your refund.

How do I make payments on my Short Term Loan?

1. In person - our office is located in Aycock Hall, Room 109. Payments are taken Monday - Friday from 8:30am - 4:30 pm. Accepted forms of payment are cash, check, Mastercard, Visa, money order and cashiers check.

2. Over the phone - payments are accepted over the phone Monday - Friday from 8:30am - 4:30 pm. You can call 678-839-4737. Accepted forms of payment for phone payments are Mastercard and Visa.

If you come to make a payment after 4:30 or on the weekend, there is a 24- hour depository located outside Aycock Hall for your convenience. This box is checked daily for payments. Please make sure that you put your payment in a sealed envelope labeled Short Term Loan. Include your student identification number on the envelope or on the payment. Although the depository is available 24 hours, please remember that payments must be received by 4:30 pm on the due date to avoid late fees.

3. Mail - please include your student identification number on all mailed correspondence.You can mail your payment to:

                        University of West Georgia

                        Short Term Loan Office

                        Aycock Hall, Room 109

                        1601 Maple Street

                        Carrollton, GA 30118

If you mail your payment, please mail it in advance of the due date. Payments must be received by 4:30 pm on the due date to avoid late fees.

Why can't I pay the entire balance of my Short Term Loan at the end of the semester?

Short Term Loans are set up on payment schedules that are outlined in the promissory note. Every borrower signs and receives a copy of their promissory note. Since the Short Term Loan fund is a revolving loan, there would not be enough funds to make new loans for the next semester if students waited until the end of the semester to pay.  By making timely payments on your Short Term Loan, you are ensuring other students the opportunity to benefit from the program. 

What happens if I do not pay my Short Term Loan payments on time?

There is a $5.00 late fee charged on all late payments. If you are past due on your Short Term Loan, a hold will be placed on your account. You will not be allowed to register, drop or add classes, receive future loans, receive academic transcripts, or graduate until all past due amounts are satisfied.

In addition, University of West Georgia reports all Short Term Loan accounts to a national credit bureau. Seriously delinquent accounts are reported to an outside collection agency once all in-house collection attempts have failed. If your account is reported to a collection agency, you are responsible for paying all collection fees as outlined in your promissory note.

Does my Short Term Loan accrue interest?

Yes, there is a minimal interest charge of 1% that is compounded daily on your Short Term Loan. Interest does not start accruing until the loan is placed on your student account. 

Generally, Short Term Loan applications are accepted Monday – Friday 8:30- 4:30pm . However, there may be some dates throughout the semester when applications will not be accepted. These dates are normally posted in Aycock Hall well in advance and in The Scoop.  

Application dates and deadlines are published in the Calendar published by the Registrar's Office each semester. Information can also be obtained by calling the Short Term Loan office at (678) 839-4737.