SHORT-TERM STUDENT LOAN PROGRAM

THE EMERGENCY SHORT-TERM STUDENT LOAN PROGRAM

The short-term student loan program has been serving Metro's diverse student population for years by offering short-term (30 day) emergency loans to qualified Metro State students. Short-term loans serve as a crucial financial bridge to students awaiting their financial aid checks at the beginning of each semester. Access to short-term loan funds enables students to purchase textbooks and other course materials needed to succeed in classes. The Short-Term Student Loan Program also helps students meet other unexpected financial expenses that may occur throughout the term.

TO QUALIFY

• Must be enrolled in a minimum of 6 credit hours at the Metro Main Campus prior to applying. This does not include: Online courses, correspondence courses, extended campus courses (North or South) - NO EXCEPTIONS

• Must have completed 12 credits of coursework at Metro State

• Must have a cumulativeGPA of 2.0 or greater - NO EXCEPTIONS

• Must have a complete Financial Aid file with an approved financial aid package pending disbursement or qualified on/off campus employment

• In order to use off-campus employment as a source of collateral, students must turn in their most recent paycheck stub with the Short-Term Loan Application and not owe for current (or past) semester tuition and fees and must meet all other eligibility criteria. Decisions are made on a case-by-case basis pending employment verification.

• In order to use on campus employment as a source of collateral, students must turn in a payroll deduction form with the Short-Term Loan Application.

• CANNOT be on academic probation or financial aid suspension, andmust be in good standing with the College.

• Must not have been delinquent on previous short-term loans, or have been involved in any collections activity with the College.

DOCUMENTS REQUIRED

All students must submit the Short-Term Loan Application and the Letter of Understanding. Students requesting repayments via on-campus payroll deduction must also complete the Payroll Deduction Form. Use the links below to access the forms.

1. Short-Term Loan Application

2. Letter of Understanding

3. Payroll Deduction Form (will be available after Payroll #2 of Summer 2008)

For more information on the Short-Term Student Loan Program, please refer to the link below:

For additional information on the Short-Term Student Loan Program
visit us in the Scholarship Center located in Central Classroom 120 or call 303.352.4247.