Emergency Short-Term Loans
Students who have maintained a satisfactory repayment record are eligible to apply for emergency loans. These loans are typically used if a student does not have funds for a tuition installment payment as a result of an unexpected circumstance, such as the delay of awarded financial aid. For more information about loan options, contact the Student Accounts/Bursar’s Office. Short-term loan borrowers will be assessed a moderate service charge. All emergency loans must be repaid prior to the end of the semester or term in which the loan is borrowed. These funds have been made available through these sources:
Emergency Tuition and Fees Loan Program:
Authorized by HB 1147, 69th Legislature, to provide emergency loans to deserving students who are experiencing temporary financial difficulties and who are unable to obtain funds from financial sources outside the university. Borrowers will have a maximum repayment period of 60 days from the date of execution on the promissory note. The interest rate on money loaned is computed at an annual rate that does not exceed 5 percent.
Roland Francis Myers Memorial Loan Fund:
The fund was established in the will of Roland Francis Myers, a former student of San Angelo College. Myers wanted the funds available to help deserving students.
Robert L. Cole Memorial Kiwanis Loan Fund:
The fund was established by the Downtown San Angelo Kiwanis Club. This fund helps students in need during immediate financial emergencies.
Minnie H. Mayer Memorial Student Loan Fund:
The fund was established in the will of Minnie H. Mayer. This fund assists undergraduate and graduate students majoring in art, theatre, music, or communications.
Mr. and Mrs. D. L. Milner, Sr. Memorial Loan Fund:
The fund established by Miss Susie Milner in memory of her parents. This fund assists students experiencing temporary financial difficulties.
To apply for an Emergency Loan:
To apply for a short-term loan - log on to RamPort, click the Student Services tab, and click the “Emergency Loan Application” link.
For more information about loan options, contact the Student Accounts/Bursars Office.
For information about making tuition and housing payments to ASU, please contact the Student Accounts/Bursar’s Office at 325-942-2008 or visit the office in Room 100 of the Sol Mayer Administration Building.