Office of the BursarUniversity of CincinnatiDivision of Administration and FinanceOffice of the Bursar

Office of the Bursar

Short Term Loans

A UC Short-Term Loan may be available to help with tuition or related eductional costs. Applications are available by applying in person at the One Stop Student Services Center. Under this program a maximum of $2,000 may be borrowed for no more than 90 days. No interest is charged during this 90-day period but there is a $50 processing fee.

The University contracts with ECSI to service all loans so students should expect a bill/notice from ECSI within 30 days of the loan posting. Payment should be made, by the due date, to ECSI following the instructions in the notice.

Be advised, that if a loan is not paid back within 90 days, a penalty charge of 3/4% per month will be assessed (9% per year), and service blocks will be placed on the students account preventing registration and the receipt of transcripts, grades and diplomas.

Please note that this a credit based loan so students without social security numbers or those with bad or no credit history are unlikely to be approved for a short-term loan.

 

* Short-Term Loan Application (58.5 KB)
Students applying for a short-term loan must complete this application and return it to the One Stop Student Service Center.

 
General Information About Short-Term Loans:

REQUIREMENTS
  • You must be a minimum of eighteen (18) years of age.
  • You must be enrolled and matriculated in a degree-granting program carrying not less than six (6) credit hours during the term the loan is requested.
  • You cannot have any past due accounts owed the University.
  • You cannot be on a payment plan in the same term in which a short-term loan is requested.
  • You may not receive loans in consecutive terms.
  • Credit information received from the Credit Bureau and the University's own records will be used when considering your loan approval.
TERMS 
  • You may borrow up to a maximum of $2,000.00 to be repaid within ninety (90) days.
  • There is a $50.00 application fee, which will be deducted from the amount you have requested.
  • If the loan is not repaid on or before the due date, a service block will be placed on your student account to withhold grades, transcripts and diploma. If your loan is past due, you wil not be permitted to register for classes until the loan is paid in full.
PROCESS
  • Complete the application and submit it to the One Stop Student Service Center. You must provide a copy of your driver's license or state ID. You must provide a copy of your original social security (SSN) card, if your social security number is not in the student information system.
  • Your application will be carefully reviewed by the Bursar's Office.  If approved, you will be contacted by phone to come in and sign the promissory note. If you are unable to come into the office, you will need to have your signature on the promissory note, a copy of your state ID/driver's license and copy of your social security number card notarized.
  • When the loan is credited to your account, if your tuition bill is paid in full, the excess credit will be refunded to you.