Crisis and Short-Term Loan Products

Pupils experiencing a short-term shortage of funds may request an Emergency and/or Short-Term loan. Needs are restricted to expenses pertaining to academic costs as based in the price of Attendance. Pupil borrowers must report a payment supply to ascertain eligibility. The application form can be obtained Monday through Friday while every term is in session, excluding holiday breaks. Crisis loan borrowers will are accountable to the Cashier and Payment Solutions Office to get crisis loan funds.

See crucial Dates below for option of funds.

It’s important to read this disclosure regarding institutional loans previous to applying.

Review the information that is following doing the applying procedure:

Eligibility Criteria

  • You might be a currently enrolled graduate or student that is undergraduate UC Davis throughout the quarter funds are requested.
  • Your debt a balance of $300 or less.
  • You really must be offered to submit signatures on DocuSign within 5 calendar times.
  • You aren’t within 1 month of graduation, or the end regarding the scholastic 12 months.
  • That you don’t owe a prior-year financial obligation to the University.
  • You have got maybe not failed to spend, made belated re payments, or been described a group agency on a previous crisis, Short-Term or Assistant loan.
  • You don’t have any holds on the pupil account.
  • There is no need any outstanding crisis, Short-Term or Assistant loan in payment.

* Health Systems or Veterinary Medicine pupils should use at their respective schools. Regulations college will not presently provide these loan resources.

Loan Kinds & Limitations

Emergency Loan (UNAVAILABLE AT THIS TIME)

  • Optimum quantity is $500. Real loan quantity is at the mercy of approval according to payment supply.
  • The mortgage must back be paid within 1 month.
  • Offered to graduate and undergraduate students.
  • Unavailable during summer time terms for graduate students.
Short-Term Loan
  • Optimum quantity is $1,500. Real loan quantity is at the mercy of approval according to payment supply.
  • The mortgage must be reimbursed within thirty day period.
  • Open to graduate and undergraduate pupils.
  • Unavailable during summer terms.
Graduate Assistant Loan
  • Optimum quantity is $1,500, but may not meet or exceed one salary that is month’s.
  • Offered to graduate pupil workers.
  • Must definitely provide verification of employment to determine eligibility. Work might include:
    • Many common graduate jobs
    • Training Assistants
    • Graduate Student Scientists
    • Associate Trainers
    • Post-Graduate Scientists
  • Payment period: three months, the conclusion regarding the year that is academic or graduation, whichever comes first.
  • Unavailable during summer terms.

Graduate Transition Emergency Loan (Now Closed)

  • Optimum quantity is $1,000, but may well not surpass a month’s wage.
  • Minimal amount is $50.
  • Just available Fall Quarter to entry that is first-time pupil workers during specified times.
  • Must make provision for verification of work to ascertain eligibility. Work might include:
    • Many common graduate jobs
    • Training Assistants
    • Graduate Student Scientists
    • Associate Teachers
    • Post-Graduate Scientists
  • Payment period: 5 months (November – March).
  • Unavailable during summer time terms.

Limitations

  • Pupils are restricted to one crisis loan and one Short-Term or Assistant loan per quarter at any time.
  • Pupils that actually have a sum owing on the pupil account more than $300 are perhaps perhaps perhaps not qualified to receive the mortgage.

Resources of Repayment

  • School funding: The accepted award quantity in MyAwards must protect the present outstanding stability on the pupil’s account along with the level of the Short-Term or Assistant loan.
  • Your mother and father: You’re going to be expected to offer a statement that is signed your mother and father. This method is just offered to reliant undergraduates.
  • On or Off-Campus Employment: work Verification Letter will soon be required. Please usage either the on-campus or off-campus page based on your own boss.
  • Training Assistant Positions: an Job that is on-campus Verification or work offer page are going to be needed.
  • VA Benefits: Provide a page through the Veteran’s Affairs workplace confirming advantages.

Signature and I.D. Demands

  • You will get a contact notification with directions and DocuSign disclosures. Signatures must certanly be provided within 5 calendar days.
  • In the event that loan is authorized, an email that is new is supposed to be sent to verify the option of funds.
  • For crisis and Graduate Transition Loan borrowers, please bring your UC Davis scholar ID or State that is valid ID license, or US Passport to your Cashier and Payment Solutions Office at 1200 Dutton Hall.
  • You shall get a message notification from Financial help and Scholarships in the event that loan is rejected.
  • Short-Term and Assistant Loan borrowers will get a contact from Student Accounting whenever refunds are prepared. Borrowers which have maybe maybe maybe not signed up for Direct Deposit will are accountable to 2100 Dutton Hall to select up a reimbursement check at Student Accounting; situated on the 2nd flooring.

Refunds

  • Crisis and Graduate Transition Crisis Loans: Redeem the funds during the Cashier’s workplace, 1200 Dutton Hall, from 10 a.m. to 4 p.m. Must provide legitimate UC, State, or Federal ID to redeem funds.
  • Short-Term and Assistant Loans: Your reimbursement shall be prepared by Student Accounting within 2-3 company times if signed up for direct deposit.
  • Extra Processing instances: Additional processing time are going to be needed if your paper check needs to be prepared for pupils which have maybe perhaps not signed up for direct deposit. Their workplace is found at 2100 Dutton Hall, from 10 a.m. – 4 p.m. Monday – Friday. They may be able be reached at (530) 752-3646.

Repayment Process

  • See the note that is promissory particular re re payment information. You may additionally go to the Accounting & Financial Services web site for guidelines on how best to make re re re payments on MyBill or in individual. Re re re re Payments due on a week-end or getaway must certanly be made from the final workday ahead of the deadline.
  • Re re Payments may also be manufactured in individual at: Cashier and Payment possibilities workplace, 1200 Dutton Hall, 10 a.m. – 4 p.m., Monday – Friday, or mailed towards the Cashier’s workplace, UC Davis, PO Box 989062, western Sacramento, CA 95798-9062. Make checks payable to UC Regents and compose your student ID # regarding the check.
  • Crisis loan repayments is not changed or rescheduled.
  • For those who have trouble making a Short-Term or Assistant loan re re payment because of the scheduled date, contact Student Accounting, 2100 Dutton Hall, from 10 a.m. – 4 p.m. Monday – Friday at (530) 752-3646.
  • Keep consitently the receipts for many loan re re payments. You may need certainly to provide them before acquiring another loan.

Essential Dates п»ї

Crisis, Short-Term and Assistant loan requests can be found to pupils regarding the following times each quarter:

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Term Undergraduate pupils Graduate pupils
Fall Quarter 2019 August 26 August 26
Winter Quarter 2020 November 26 November 26
Spring Quarter 2020 March 2 March 2
2020 summer time Session 1 or both sessions TBD Not available during summer
2020 Special Session TBD unavailable during summer time
2020 Summer Session 2 TBD unavailable during summer time

See our Calendar for last due dates to use for Emergency and Short-Term Loans for the perspective quarter.

Application

This step-by-step application will show you through the entire process of publishing the application. Before you start, be sure to take the time to learn the important info above along with the conditions and terms. As soon as submitted, the job shall be evaluated by a professional that will figure out your eligibility. Access the program utilising the website website website link below:

Take note: Summer Emergency Loans applications are merely accessible to undergraduate pupils enrolled in a single or maybe more summer time sessions.