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Short Term Loans

PLEASE NOTE: Short-term/Emergency loans are available M-Th 9:00-5, F 9:00-4:30.  During Reg Week, hours of availability are M-Th 8:00-5:30, F 9:00-4:30

As of July 1, 2012, Short Term Loan funds are sent to Higher One and distributed via the student's chosen refund preference the following day.

Program Eligibility - Currently Enrolled PSU Students:

  1. Student must be enrolled in the current term (this includes Summer) and
  2. Have paid one third of tuition, fees, and housing for the current term (half for Summer term) or have been “awarded” financial aid, and
  3. Have NO past due (previous term) outstanding balances, and
  4. Have no other short term loans outstanding.
  5. Short Term Emergency Student Loans are not available to students who are also regular University employees working more than .5 FTE (this does not apply to student employees).

Program Outline:

  • There is a limit of two short term loans per term, No Exceptions
  • Also, if a previous short term loan was paid off by Financial Aid, students will not be eligible for a new loan until the first day of classes.
  • If a student is applying for a fourth short term loan in an academic year, a meeting with the Revenue Agent is required before issuance. 
  • There is a mandatory service fee associated with this loan based on the amount of the short term loan issued. Short term loans are available in the following amounts:
Loan Fee
 $50-100  $5
 $101-250  $10
 $401-600  $20
  • PSU One Card must be presented at the time of application.
  • Short term loans are available to students a week before the 1st day of classes through the Friday before finals week.

Emergency Short Term Loan Disbursement Dates

Term Disbursement Dates
Fall 2013 9/23/2013 - 12/8/2013
Winter 2013 12/30/2013 - 3/16/2014
Spring 2014 3/24/14 - 6/8/2014
Summer 2014
6/16/2014 - 8/8/2014