Short-Term Loans

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.

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.

No. The loan must be paid in full by the due date.

STL due dates are always the fourth Friday of the quarter following the quarter in which you borrowed the funds. For example, an STL borrowed in Autumn quarter will be due the fourth Friday of Winter quarter. STLs are always due in full by the due date.

There is a $30 fee for borrowing the loan. If the student chooses to utilize the one-time due date extension, an additional $30 fee will be assessed. There may be additional fees if the loan is not paid on time.