Crisis and Short-Term Loan Programs
Pupils experiencing a shortage that is temporary of may request an Emergency and/or Short-Term loan. Needs are limited by expenses linked to expenses that are educational based in the price of Attendance. Student borrowers must report a payment source to ascertain eligibility. The applying can be acquired Monday through Friday whilst every term is with in session, excluding holiday breaks. Crisis loan borrowers will are accountable to the Cashier and Payment Solutions Office to get crisis loan funds. Loans aren’t available during quarter breaks.
See Dates that is important below option of funds.
You should check this out disclosure regarding institutional loans previous to applying.
Review the information that is following doing the program procedure:
Eligibility Criteria
- You’re a currently enrolled graduate or student that is undergraduate UC Davis through the quarter funds are required.
- You borrowed from a balance of $300 or less.
- You really must be open to submit signatures on DocuSign within 5 calendar times.
- You aren’t within thirty days of graduation, or the finish associated with the year that is academic.
- You don’t owe a debt that is prior-year the University.
- You have got maybe maybe not neglected to spend, made belated payments, or been known an assortment agency for an emergency that is prior Short-Term or Assistant loan.
- You don’t have any holds in your pupil account.
- You don’t have any emergency that is outstanding Short-Term or Assistant loan in payment.
* Health Systems or Veterinary Medicine pupils should use at their schools that are respective. Regulations college will not presently provide these loan resources.
Loan Kinds & Restrictions
Emergency Loan (NOT AVAILABLE AT THIS TIME)
- Optimum quantity is $500. Real loan quantity is susceptible to approval considering payment supply.
- The mortgage must back be paid within thirty day period.
- Open 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 susceptible to approval predicated on repayment supply.
- The mortgage must back be paid within thirty days.
- Open to graduate and undergraduate students.
- Unavailable during summer time terms.
Graduate Assistant Loan
- Optimum quantity is $1,500, but might not meet or exceed one salary that is month’s.
- Offered to graduate pupil workers.
- Must make provision for verification of work to ascertain eligibility. Employment may consist of:
- Most graduate that is common
- Training Assistants
- Graduate Student Scientists
- Associate Teachers
- Post-Graduate Scientists
- Payment period: a couple of months, the finish for the educational 12 months, or graduation, whichever comes first.
- Unavailable during summer time terms.
Graduate Transition Emergency Loan (Now Closed)
- Optimum quantity is $1,000, but may well not surpass 30 days’s income.
- Minimum amount is $50.
- Just available Fall Quarter to first-time entry graduate pupil workers during specified times.
- Must provide verification of employment to ascertain eligibility. Work might consist of:
- Most graduate that is common
- Training Assistants
- Graduate Student Scientists
- Associate Trainers
- Post-Graduate Scientists
- Payment period: 5 months (November – March).
- Unavailable during summer terms.
Limitations
- Pupils are limited by one crisis loan and one Short-Term or Assistant loan per quarter at any moment.
- Pupils that have a quantity owing to their pupil account higher than $300 are not qualified to receive the mortgage.
Resources of Repayment
- School funding: The accepted award quantity in MyAwards must protect the present outstanding balance on the pupil’s account along with the quantity of the Short-Term or Assistant loan.
- Your moms and dads: you are expected to present a finalized statement from your moms and dads. This method is just open to reliant undergraduates.
- On or Off-Campus Employment: a working job Verification Letter is going to be needed. Please usage either the on-campus or off-campus page based on your own manager.
- Training Assistant Positions: An on-campus Job Verification Letter or work offer page is going to be needed.
- VA Benefits: Provide a page through the Veteran’s Affairs workplace benefits that are verifying.
Signature and I.D. Demands
- You will get a message notification with directions and DocuSign disclosures. Signatures must certanly be supplied within 5 calendar times.
- In the event that loan is authorized, an email that is new should be delivered to verify the option of funds.
- For crisis and Graduate Transition Loan borrowers, please bring your UC Davis scholar ID or legitimate State ID, license, or US Passport into the Cashier and Payment Solutions Office at 1200 Dutton Hall.
- You shall get a contact 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 perhaps perhaps 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 valid 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 days if signed up for direct deposit.
- Extra Processing circumstances: Additional processing time is going to be needed if your paper check should be prepared for pupils which have perhaps maybe perhaps not signed up for direct deposit. Their office is situated at 2100 Dutton Hall, from 10 a.m. – 4 p.m. Monday – Friday. They are able to additionally be reached at (530) 752-3646.
Repayment Process
- Browse the promissory note for particular re payment information. You may also look at the Accounting & Financial solutions web site for guidelines about how to make re re payments on MyBill or in individual. re re Payments due on a week-end or vacation should always be made regarding the final workday before the deadline.
- Re Payments can certainly be manufactured in individual at: Cashier and Payment possibilities workplace, 1200 Dutton Hall, 10 a.m. – 4 p.m., Monday – Friday, or mailed to your Cashier’s workplace, UC Davis, PO Box 989062, western Sacramento, CA 95798-9062. Make checks payable to UC regents and ID write your student # regarding the check.
- Crisis loan repayments may not be changed or rescheduled.
- For those who have trouble creating a Short-Term or Assistant loan re re payment because of the date that is scheduled contact Student Accounting, 2100 Dutton Hall, from 10 a.m. – 4 p.m. Monday – Friday at (530) 752-3646.
- Keep carefully the receipts for many loan payments. You might need to present them before acquiring another loan.
Crucial Dates 
Emergency, Short-Term and Assistant loan requests can be obtained to pupils in the dates that are following quarter:
| Term students that are undergraduate 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 | Not available during summer time |
| 2020 Summer Session 2 | TBD | unavailable during summer time |
See our Calendar for final due dates to use for Emergency and Short-Term Loans when it comes to quarter that is perspective.
Application
This step by step application will make suggestions through the entire process of publishing your application. Before you begin, please take the time to learn the information that is important along with the stipulations. As soon as submitted, the application will be evaluated by an expert who’ll figure out your eligibility. Access the application form utilizing the website link below:
Take note: Summer Emergency Loans applications are just open to undergraduate pupils enrolled in one single or even more summer time sessions.