Short-Term Loans

Where can students apply for a short term loan?

Member for

8 years 7 months
Submitted by f2ux2 on

Students may apply for a short-term loan online through MyUW. Applicants will be informed of their eligibility immediately and will be able to electronically sign a promissory note online. They can have the funds applied to their tuition account balance immediately. If they are signed up for direct deposit, the excess funds will be deposited into their bank account within three business days; otherwise a check will be mailed. Be aware that these are short term loans and that payment will be due the following quarter.

What happens if I don't pay my short term loan as agreed?

Member for

8 years 6 months
Submitted by f2ux2 on
If your STL is not paid in full by the due date, SFS will place holds on your ability to borrow future short term loans and these holds will not be removed until the account is paid in full. Additionally, the loan will be removed from the UW system and will be transferred to our billing servicer, ECSI.

Are all of my student loans billed together?

Member for

16 years 5 months
Submitted by phamlin on
schol_faq
faq
FAQ
Short-Term Loans
You will receive separate bills if you have multiple loans with different lenders. For example, the University of Washington bills for: + Perkins Loans + Health Profession Loans + Nursing Loans + Institutional Loans The Department of Education services bills for: + Federal Direct Stafford (subsidized and unsubsidized) Loans + PLUS Loans

I sent in a loan payment that is not showing on my latest statement. What should I do?

Member for

16 years 5 months
Submitted by phamlin on
FAQ
Short-Term Loans
If a payment hasn't been posted, there are a couple of common reasons why. In general, follow these steps: + Note the date of your loan statement. Was it printed before your payment had time to be posted? + It's possible that your payment was received after the loan statment was printed and mailed to you, but before the payment was processed. If this is the case, you can contact the loan biller to check if they received the payment. + Check with your bank. Has your check been cashed?

I'm a returning student and am receiving bills for my previous student loans. Do I have to pay while I am in school?

Member for

16 years 5 months
Submitted by phamlin on
schol_faq
faq
FAQ
Short-Term Loans
Some loans have deferment options for those students who return to school after their loan goes into repayment. To see if you may be eligible for student deferment, visit the [Loan Repayment](http://finance.uw.edu/sfs/students/repayment) section of the [Student Fiscal Services](http://finance.uw.edu/sfs/students/) website.

I cannot make payment on my long-term loan by the due date. What should I do?

Member for

16 years 5 months
Submitted by phamlin on
FAQ
Short-Term Loans
Late loan payments often result in a late fee being applied to your account. If you think or know your payment will be late, you should contact [Student Fiscal Services](http://f2.washington.edu/fm/sfs/students) as soon as possible. If you can make the payment soon, but know it will be late, please: + Send us an [Email](http://f2.washington.edu/fm/sfs/contact) (available to send 24 hours a day - answered M-F, 8 AM to 5 PM) + Start a [Live Chat](https://messenger.providesupport.com/messenger/uw_sfs.html) with customer service staff + Call our customer service line at 206-543-4694.
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