Human ResourcesUniversity of CincinnatiHuman Resources HomeAdmin & Finance

Human Resources

Additional Benefits / Resources


Rowe Loan

Rowe loans are granted to eligible applicants for emergencies and necessities. Examples of reasons a loan application may be approved include medical expenses, relocation expenses, purchase of an automobile, and home and household expenditures.

Loan applications are processed on a first-come, first-served basis and as loan funds are available.

The maximum period of repayment is two years, in monthly installments of principal and interest by payroll deduction. Deductions commence the last day of the month following the month the note is dated. The term of repayment must fall within the period of the borrower's University appointment.

The amount of the loan cannot exceed 15% of the borrower's annual base salary or a maximum of $5,000.00, whichever is lower.

A borrower may not apply for a loan within six months of repaying a predecessor loan from the Fund.

Guidelines for borrowing from the fund

  • Applicants must be faculty members or exempt monthly paid employees holding full-time appointments and actively at work, or on a paid leave of absence at the time the loan is issued. Applicants are eligible as of effective date of appointment.
  • Loans are granted to eligible applicants only, for emergencies and necessities. Examples of appropriate uses of the Fund are medical and other emergencies, relocation expenses, purchase of an automobile, and home and household expenditures.
  • Inappropriate uses of the Fund include, but are not limited to investments in financial instruments or other income source assets, risk capital for establishing a commercial enterprise, and continuing working capital for a commercial enterprise.
  • Loan applications are processed on a first-come, first-served basis and as loan funds are available.
  • The maximum period of repayment is two years, in monthly installments of principal and interest by payroll deduction. Deductions commence the last day of the month following the month the note is dated. The term of repayment must fall within the period of the borrower's University appointment.
  • The amount of the loan cannot exceed 15% of the borrower's annual base salary or a maximum of $5,000.00, whichever is lower.
  • A borrower may not apply for a loan within six months of repaying a predecessor loan from the Fund. The Benefits office will return to the applicant any application received within 6 months of a predecessor loan. New loans cannot be refinanced.
  • The annual rate of interest will be computed on the monthly unpaid balance. The interest rate shall not vary during the period of repayment, except in the instance of refinancing on termination of University employment.
  • Should the borrower cease employment at the University, any unpaid balance becomes due and payable at the end of the borrower's connection with the University. Should the borrower be unable to satisfy the loan at that time, such a balance may be refinanced at prevailing market rates.

For more information see Rowe Loan FAQs, send an email to hronestop@uc.edu or call 513-556-6381.

View the Rowe Loan Application Schedule.

Paying Off a Rowe Loan

Beginning December 1, 2011, for information on paying off a Rowe Loan, contact the Collections Office at 513-556-3431.

back to top


University of Cincinnati "Walk-To-Work" Loan Program

Walk-To-Work is a program that provides financial assistance to eligible employees seeking to purchase a home in the Uptown Area.

Guidelines for Walk-To-Work

  • Applicants must be in active status, eligible for employee benefits, approved by the Neighborhood Housing Services of Cincinnati, Inc. and/or qualified loan/mortgage institution as qualifying for a mortgage and purchasing a home in the Uptown Area (Clifton, Corryville, Mt. Auburn, Walnut Hills, Clifton Heights, Fairview Heights, Avondale, Evanston, and University Heights).
  • Applicants must submit a copy of approved loan documents at the time the Walk-to-Work application is made.  The loans can  only used for mortgage down payments and/or closing costs.  The lending institution should provide wire transfer information for remittance of the loan funds directly to the lending institution. 
  • The amount of the loan cannot exceed $2,500.
  • The maximum period of repayment is two years in per pay period installments of principal and interest by payroll deduction, beginning the first pay period in the month after the loan is dated.  The term of repayment must fall within the period of the borrower's appointment.
  • Loan applications are processed on a first-come, first-serve basis and as loan funds are available.
  • Loans may not be refinanced.  Payments will be deducted as scheduled, waivers to defer payments will not be granted.
  • Should the borrower cease employment at the University, any unpaid balance becomes due and payable at the end of the borrower's employment with the University.  Should the borrower be unable to satisfy the loan at that time, such balance may be refinanced at prevailing market rates.
  • The interest rate for loans is six percent (6%).

For more information, please contact the Human Resources Department at 513-556-6381.