Emergency Short-Term Loan Program
Information and Policies
2018 Fall Semester
Office of Student Financial Services
P.O. Box 800
University of Central Missouri
Warrensburg, MO 64093-5178
The UCM Emergency Short-Term Loan (STL) Program assists students who are experiencing an emergency or
hardship, can document need, and have forthcoming financial aid, scholarship assistance, or other educational
benefits for the 2018 Fall semester that will cover all educational expenses and the repayment of the STL. A
Short-Term Loan cannot be approved if repayment is based on anticipated income from part-time employment or
other non-UCM resources.
To qualify for a STL you:
• Must not be on academic probation and/or SAP appeal status
• Must be enrolled at UCM at least half-time for the 2018
Fall semester
• Cannot have delinquent or past due UCM charges
• Cannot have any record of check(s) returned to UCM due to
insufficient funds
• May receive only one Short-Term Loan per semester
A STL cannot be approved for payment of:
• UCM tuition or fees
•
Residence hall costs
•
Meal plan expenses
• Books and supplies
•
Other UCM charges
The maximum Short-Term Loan amount is $1000. However, based on your financial and academic history,
you
may be approved for a lesser amount, or may be denied. If approved, a $10 processing fee is added
to the amount you
borrow.
Include with your application documentation supporting the reason you need the Emergency Short Term Loan
(for
example, past due bills, estimate from car repair shop, etc.)
You will be notified within 3 business days if you are approved or denied. Once your STL application has been
reviewed you will be able to see the result on MyCentral; under Student Services, click on Financial Aid Status,
choose the current award year, and click on ‘You have active messages’. The message will also tell you when
your
check will be available to be picked up.
When you are approved for a STL, you are required to participate in on-line Financial Awareness Counseling
through
the U.S. Department of Education’s Student Loans website www.studentloans.gov before your loan
assistance can be
paid. (This counseling is separate from the Stafford Loan Entrance Counseling you may have
completed.) To complete the Financial Awareness Counseling:
•
Go to the Federal Student Aid website www.studentloans.gov.
•
Click on the ‘Log In’ button in the ‘Log in to Studentloans.gov’ box.
•
Log in using your Federal Student Aid (FSA) ID username & password for FAFSA
•
(If you do not remember your FSA ID, click on the 'Log In' box, then 'Forgot Username or Password' to reset.)
•
Select ‘Complete Counseling’ on the left-hand navigation bar
•
Select ‘Financial Awareness Counseling’ under ‘Choose Counseling Type”
•
After you successfully complete your counseling, you will receive e-mail confirmation from the U.S.
Department of Education; follow the instr
uctions to “View Completed Counseling”, select the ‘View
HTML’
link, and print the ‘Completed Financial Awareness Counseling’ page that you will bring with
you to Student
Financial Services when you pick up your check.
If your Short-Term Loan becomes past due, a ‘hold’ will be placed against your UCM account. This will prohibit
you
from enrolling for classes, release of your academic transcript and/or diploma, and may disqualify you from
receiving
STL funds in the future. Late fees may also be posted to your UCM account.
Detach, read, and retain this page.
It’s important for you to fully understand the above information!
1819 pdf/Short-Term-Loan_FALL-2018.pdf June 12, 2018 Cover
