emergency loans

UC Berkeley Financial Aid Office

Undergraduate
Financial Aid

New and Continuing Students

Loans

Emergency Loans

DATES OF AVAILABILITY:

Types of Loans:

The Living Expense Loan is available to students registered in the current semester (those students who are enrolled in units and have paid the minimum required fees). The maximum loan amount is $725. Exceptions require approval from Financial Aid Counseling Staff.

The Co-payable Loan for Fees is available to non-registered students (those students enrolled in units, without blocks who have not paid the minimum required fees) for the amount required to qualify for the Fee Payment Plan, $725 effective 8/21/07. The check is payable to the University and the student. The Co-Payable Loan for Fees is not available for summer session fees.

Application Procedure:

Applications are available for distribution and submission from 9:00am - 12:15pm, Monday through Thursday at the Emergency Loan Office, 220 Sproul Hall (510-642-0470). The office will be open on Fridays for the first 3 weeks of the fall and spring semesters, resuming regularly scheduled hours the 4th week.
Students must submit their U.C. photo ID with the application. A second photo ID is required when picking up the loan check.
Checks are available in approximately 1 hour but must be picked up before 1:00 pm on the day of application. Checks that are not picked up will be cancelled and the borrower will have to reapply on another business day.
Co-payable checks will be forwarded to the Cashier’s Office to be applied toward current registration fees.
Students who have repaid all their loans in full may borrow subsequent loans within the same semester.

Terms:

There is a $20 administrative fee for all loans on each day of application.
Loans and the administrative fee are billed through the Campus Accounts Receivables System (CARS) and payable at the Billing and Payment Services Office, 140 University Hall. Credits, such as financial aid, may pay off the loan prior to the due date and before financial aid refunds are issued. Students are responsible for monitoring their CARS accounts for payments.
Loans not paid by the due date are considered delinquent and are subject to late fees, collection penalties and fees, and administrative blocks and holds. Questions regarding payment can be addressed to the Billing and Payment Services Office at 140 University Hall (510- 642-3190).