ELIGIBILITY REQUIREMENTS FOR A GARMAN/ EMERGENCY STUDENT LOAN PROGRAM

 

THE BURSAR’S OFFICE WILL ISSUE AN EMERGENCY STUDENT LOAN TO CURRENTLY ENROLLED STUDENTS WHO MEET THE FOLLOWING REQUIREMENTS.

 

1. MUST BE CURRENTLY ENROLLED AT LEAST HALF TIME AS A DEGREE SEEKING STUDENT AT THE UNIVERSITY OF COLORADO

AT DENVER.

 

2. MUST BE AT LEAST 18 YEARS OLD.

 

3. BE ABLE TO DEMONSTRATE ABILITY TO REPAY LOAN.

 

4. LOANS MUST BE PAID IN 30 DAYS OR UPON RECEIPT OF FINANCIAL AID, WHICHEVER IS SOONER. A $10.00 LATE FEE WILL BE ASSESSED

FOR LATE PAYMENT, INTEREST WILL BE ASSESSED AT 12% APR AND THE STUDENT WILL LOSE ALL ELIGIBILITY FOR FUTURE SHORT

TERM LOANS.

 

5. LOANS WILL NOT BE ISSUED BETWEEN SEMESTERS OR DURING THE LAST THREE WEEKS OF ANY SEMESTER.

 

6. ADVANCES ON FUTURE SEMESTERS ARE NOT ALLOWED.

 

7. MUST NOT HAVE ANY OUTSTANDING DEBTS TO THE UNIVERSITY

(I.E. TUITION, LOANS) OR PRIOR COLLECTION PROBLEMS.

APPLICANT MAY BE DENIED BASED ON NEGATIVE CREDIT BUREAU

REPORT.

 

8. NO MORE THAN THREE LOANS AND/OR $1000.00 WILL BE ALLOWED IN A SEMESTER.

 

 

TWO TYPES OF LOANS ARE AVAILABLE - BASED ON CURRENT SEMESTER

FINANCIAL AID OR EMPLOYMENT.

 

IF USING FINANCIAL AID AS THE REPAYMENT METHOD YOU ARE ELIGIBLE TO RECEIVE UP TO $500.00.

 

IF EMPLOYMENT IS THE REPAYMENT METHOD YOU ARE ELIGIBLE TO RECEIVE UP TO $400.00. ALSO, WE NEED A COPY OF THE LAST

TWO PAYSTUBS.

 

ANY EXCEPTIONS TO THESE REQUIREMENTS ARE AT THE SOLE DISCRETION OF THE EXECUTIVE DIRECTOR OF STUDENT FINANCIAL SERVICES.