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Types of University Loan Funds

    • Last Updated: 05/12/2017
    • Effective Date:

    Policy Statement

    The Bursar’s Office Division maintains and operates several different types of University loan funds.

    Reason for policy

    This policy is needed to inform potential student borrowers of the different types of University loans.

    Procedures

    The University of Georgia loan funds are comprised of two main types:                                                         

    The University long-term loan program is comprised of institutional loan funds that can offer potential student borrowers and their co-applicants another option to help aid in the cost of attendance for their education and a lengthy repayment period. These loan funds were started by contributions and donations made by private and public donors. 

    The University short-term loan program is comprised of institutional loan funds that can offer potential student borrowers an option to assist them with small unexpected financial situations. These loans can be given after the first day of the current semester and must be paid back within the semester that they are given.

    Additional contacts

    Michele Sellers

    Phone Number: 706-542-2965

    Responsibilities

    Responsible University Senior Administrator: Vice President for Finance & Administration

    Responsible University Administrator: Associate Vice President and Controller

              Policy Owner: Bursar’s Office Division

              Policy Contact: Michele Sellers

              Phone Number: 706-542-2965

    Record Retention

    This series documents the repayment of student loans on a daily basis and is used to apply the loan payments to the individual student accounts. This series includes daily listings of loan payments received.

    Record Copy: Student Loans

    Retention: 4 years, BOR 0472-06-041