Memorial Loan Program

A Memorial Loan is a short-term, needs based emergency loan that enables students to remain enrolled. Loan amounts vary reflecting the needs-based assistance requested by each applicant.  Only Denton- and Dallas-campus students are eligible to apply for a loan. A 1% annual interest rate is applied to the loan.  Repayment of a loan and interest is the responsibility of the student and is required by the student to repay as defined by the terms stated in the promissory note.  Application and loan processing dates vary with each semester.  Students are limited to 1 loan per semester.

Accounts will be considered late one (1) day past the repayment date stated in the signed promissory note and assessed an additional $25.  An account will be considered default and assessed an additional $25 penalty fee thirty-one (31) days past the repayment date stated in the signed promissory note. 

Eligibility Requirements:

• Must be a UNT Denton or Dallas campus student
• Must be enrolled in the current  semester
• Must show the ability to repay the loan and interest
• Must be at least 18 years of age
• A signed promissory note is required to be on file before disbursement of loan occurs

Terms and Conditions:

• A Memorial Loan cannot be used for on-campus housing or current semester tuition
• Transcript and registration blocks will be applied to late and default accounts
• Students may receive one (1) loan per semester
• 5 to 7 business days are required to process a loan application
• Accounts in late status (one day past the due date) will be assessed an additional $25 penalty fee
• Accounts in default status (thirty-one days past the due date) will be sent to a collections agency and assessed an additional $25 penalty fee; the student’s credit will be negatively impacted by these actions

Memorial Loan Repayment Deadlines:

Fall 2007                     November 2, 2007
Spring 2008                 March 14, 2008
Summer I & II 2008     July 31, 2008

FAQs:
We’ve listed answers to the most commonly asked Memorial Loan program related questions here

 

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