Short-Term Loans
Emergency loans in varying amounts are available to deserving students who have maintained a satisfactory academic record. A moderate service charge is assessed, and the loan must be repaid prior to the end of the semester during which it is borrowed. These funds have been made available through the following sources:- The Emergency Tuition and Fees Loan Program was authorized by HB 1147, 69th Legislature, for the purpose of providing 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 90 days from the date of execution on the promissory note. The interest rate on money loaned is computed at an annual rate not to exceed five percent.
- The Roland Francis Myers Memorial Loan Fund was established in the will of Roland Francis Myers, a former student of San Angelo College. It was the intent of Mr. Myers that these funds be available to help deserving students
- The Robert L. Cole Memorial Kiwanis Loan Fund was established by the Downtown San Angelo Kiwanis Club to assist students in need of short term loans to meet immediate financial emergencies.
- The Mr. and Mrs. D. L. Milner, Sr., Memorial Loan Fund was established by Miss Susie Milner in memory of her parents, in order to assist deserving students experiencing temporary financial difficulties.