Expense loans are for financial aid applicants who have expenses due before their aid will disburse.

Short term loans for tuition, are for students without financial aid. You can borrow the exact tuition amount due or up to a maximum of $800. The deadline to submit and to process these loans is the 5th day of classes.

Short term loans for emergency expenses are for students who have an unexpected circumstance. Tuition must be paid to qualify for the emergency loan.

Be classified as a degree seeking USF student in good academic standing.

Have a cumulative USF Grade Point Average of at least 2.0 as an undergraduate student or 3.0 as a graduate student.

Be registered at least half-time. (6 credit hours for undergraduate students, 5 credit hours for graduate students). Audited courses do not count.

Expense loans are not available if your funds are scheduled to disburse within the next 5 business days.

You will not be eligible for an expense loan if all financial aid for the current term has disbursed.

Proceeds will be e-deposited, or mailed to your local mailing address if you haven’t signed up for e-deposit.

Interest on the expense loans shall accrue from the first day of the month following disbursement. Interest on the short term loan shall accrue from the date of disbursement. Interest rates for both loans are 12% (1% per month or a fraction thereof).

Applications received by 12 PM will be processed the same day. Applications received after 12 PM will be processed the next business day.

You may check your Expense or Short Term Loan status on OASIS (http://usfonline.admin.usf.edu) and click on Student Records and Account Information Menu.

Disbursement of expense loan proceeds is not a guarantee that you will receive financial aid funds.

Due dates for expense and short term loans will be one week prior to the last day of classes each term. After this date, the Office of Purchasing and Financial Services (PFS) will place your student record on hold and late fees will be assessed.