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No matter how good you may be at budgeting, the unexpected monetary complication—an emergency car repair, a doctor’s visit, or a delay in funding—can surface and play havoc with your finances. Ongoing credit card use can easily develop into an expensive arrangement due to constant balance carryover and accruing interest. One of the strategies you could use to take care of life’s little surprises, keeping more of your money in your own pocket instead of the pockets of your creditors, is participating in the Short-term Loan Program offered at UCLA. Short-term loans are made by UCLA Student Loan Services to qualifying UCLA students.
To meet those occasions when you have unforeseen financial needs, UCLA Student Loan Services’ Short-term Loan Program offers three types of short-term loans:
With a short-term loan, unlike a loan you take out at a bank or a line of credit you receive from a credit card company, you enjoy these outstanding features:
To qualify for a short-term loan you must be:
Of course, all loans have terms. The terms on a short-term loan, as listed in the promissory note that you will sign, are minimal. Briefly stated:
You must contact the Loan Services Office before the due date if you are having a problem repaying your short-term loan on time. Under such circumstances a loan counselor will assist you in further handling the matter.
To acquire a short-term loan, perform the following five easy steps:
It’s that simple!
(UCLA attempts to provide up-to-date information in our Bruin Dollars and $ense How To Series. Please be aware that the content of this document is based upon information that was correct at the time of publication. All information pertaining to and gathered from both UCLA and other sources is subject to change without notice.)