Interest-free short-term loans are available to students only through the Loan Services Office (A227 Murphy Hall). Short-term loans are always due on the 20th day of the following month from the date borrowed.
To qualify for a short-term loan, you must be a UCLA student, enrolled within the current quarter, have paid student services fees, and have not defaulted on previous short-term loans within the past year. You must present one of the following picture ID's:
Bruin Card, driver's license, state ID card, military ID, or passport.
Short- term loans are available 9:00 a.m. to 4:30 p.m. weekdays.
We offer three types of short-term loans:
- Emergency Loan: A loan of up to $200.00 for those who meet the above criteria.
- Living Expense Loan: A loan of up to $350.00 for those who meet the above criteria and are employed. Written employment verification on company letterhead must be provided by you from your employer.
- Financial Aid Advance: A "bridge loan" to fill the gap between the awarding of current quarter/semester's financial aid and the actual receipt of funds. This particular type of loan or 'advance' is generally made against Federal Direct, Direct Grad PLUS, Perkins Loans; University/Regents Loans and electronically disbursed Federal Parent PLUS Loans.
Before obtaining a short-term loan, you must fill out a promissory note agreeing to the following:
You promise to pay to the Regents of the University of California for the value received from the short-term loan funds by the due date.
You promise to keep Student Loan Services informed of your current address as long as any portion of this loan remains unpaid, and to answer all correspondence promptly concerning this financial obligation.
You understand that if you fail to repay the loan in full by the due date or obtain an extension of repayment before the due date, your loan account will be in default and a $10.00 late fee will be assessed against you.
Your defaulted loan account may be subject to further collection actions including the withholding of transcripts, diplomas, and registration materials; referral to commercial collection agencies; litigation in Small Claims, Municipal, or Superior Court; reporting to credit bureaus; and offsetting of State tax refunds.
You promise to pay all attorney's fees, late charges, and other collection costs and charges necessary for collection of any amount not paid when due.
In the event you tender a check that is returned for insufficient funds, you will be subject to California Civil Code, Chapter 522, Section 1719.