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Short Term Loan: Frequently Asked Questions (FAQ)



How do I qualify for a Short Term Loan?

The eligibility criteria are as follows:

  • Must be enrolled in a minimum of 6 credit hours at MSU Denver prior to applying.
  • Must have at least 6 completed credits of coursework at MSU Denver.
  • Must have a cumulative GPA of at least 2.0 and a cumulative completion rate of at least 67%.
  • Must be in good financial standing with the institution.
  • Any prior Short Term Loans that have gone delinquent -or- having previous/current collections activity with the institution will make you ineligible.
  • Must be able to provide one of the two types of collateral that we can accept.

What qualifies as Short Term Loan Collateral?

There are two types of collateral that we can accept:

    1. Financial aid awards that are pending disbursement-- you must have a complete financial aid file with approved awards that have not yet been disbursed.


    2. On and off campus employment earnings-- only qualified on/off campus employment will be considered as collateral. In order to use off-campus employment you must include your 2 most recent pay stubs and employer information. We cannot accept benefit packages, self employment, or unemployment as means of collateral.

When can I apply for a Short Term Loan?

We process Short Term Loans year-round in accordance with the academic calendar. Specific STL processing deadlines will be announced as they approach for each semester.

What is the maximum loan amount?

You can receive a maximum of 2 Short Term Loans per semester with a maximum of $515.00 per loan, provided the first was repaid in good standing and all eligibility criteria is met.

  • PLEASE NOTE: There is a $15.00 processing fee on all approved loans, which is automatically deducted from the amount you request. You are responsible for repayment of the full approved loan amount.

How do I apply for a Short Term Loan?

Applications are available at the front desk of the Office of Financial Aid and Scholarships, located in SSB- Area 6, Suite 130. The 2-part packet (Short Term Loan Application/Letter of Understanding) can also be downloaded (links below) and submitted to the Office of Financial Aid and Scholarships in person or via fax: 720.778.5833.

  • PLEASE NOTE: it can take up to 48 hours for faxed documents to be logged in by our office before processing on them begins.

Links: Short Term Loan Application

How long does it take to process my loan?

Please allow up to 3 business days for processing on all applications submitted to the Short Term Loan program. This does not include the check/direct deposit generation timeframe. In the case of a student’s temporary ineligibility, we will hold STL applications up to 3 business days only. In the rare case of campus closures/holidays/staff vacations, additional time may be required for processing.

If I'm approved for a Short Term Loan, how do I receive my funds?

STL paper checks will only be printed once a week. Any loans that are approved without direct deposit set up will be available for pickup after 2:00pm the following Thursday from the Cashier’s Office, SSB- Area 5, Suite 140. Direct deposit funds are usually available after 2pm the following business day.

When is my loan due?

Loans are due a minimum of 30 days from the date the loan is approved. Students with financial aid pending will have their Short Term Loan automatically deducted from their financial aid refund, along with any tuition and fees due. Otherwise, students are required to repay all loans and late fees to The Cashier’s office directly. Students will be notified via MSU Denver email account with the due date upon approval of a Short Term Loan.

Additional loan terms:

Any incoming funds to your student account, including financial aid or payroll deductions, will be diverted to pay off your loan regardless of what type of collateral is used or your loan due date. Loans not repaid in full by the due date will be periodically assessed late fees. Registration and transcript holds may also be placed onto your student account, depending on the level of delinquency of the loan. Other fees may be assessed by the Office of Financial Aid and Scholarships in conjunction with The Office of Student Accounts and the State Auditor’s Collection Policy. Additional terms as outlined on the Short Term Loan Application and Letter of Understanding also apply. Not repaying a Short Term Loan in full can also result in your permanent ineligibility to take out future STLs, in addition to prospectively going into collections with the institution and harming your credit.


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