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Frequently Asked Questions about the Rowe Loan

1. What is a 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.

2. Who is eligible for a Rowe loan?

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.

3. How can I learn more about Rowe Loans?

For more information on Rowe Loans, please feel free to send an email to hronestop@uc.edu or call 513-556-6381.

4. How do I apply for a Rowe Loan?

The HR website has the Rowe Loan Application

5. Where can I get information on paying off a Rowe Loan?

Information on paying off a Rowe Loan can be obtained by calling the  Collections Department at 513-556-3431.