Short-term Loans (STL) are available to registered students who are experiencing an urgent but short-term financial need. Students may apply for a short-term loan through their account on MyUW. This loan fund is administered by the Office of Student Financial Aid.
Short-term Loan Repayment
Short-term loans are due in full on the fourth Friday of the quarter following the quarter in which the funds were borrowed (unless an extension is granted). There are no deferment options or alternative repayment plans available for short term loans. Loans that remain unpaid after the due date will be transferred from the UW student account to the University’s billing servicer, Heartland ECSI, and will be subject to late fees and other collection action. An outstanding past due short-term loan may prevent you from registering for future classes, making schedule changes, or obtaining transcript records. Please consider carefully your ability to repay prior to borrowing short term loan funds.
We encourage students to find a way to pay the short-term loans as soon as possible or make as many payments before the due date, as the purpose is for emergency funds to repaid within a short time span.
Should you need an extension, please contact us after the next quarter has started as that will afford you the time to evaluate your financial status in regards to this loan.
If you have questions about repayment of your short-term loan, please contact Student Fiscal Services at 206-543-4694. Advisors are available to assist you with your questions regarding your loan and other financial matters.