Two types of short-term loans – emergency cash loans and tuition loans – are available to help students in immediate financial need. The interest rate for both loans is 4% APR. You may access the applications for tuition and emergency cash loans through UT Direct.

Emergency Cash Loans

Borrow a maximum of $500 for emergencies. Must be repaid within 30 days.

Requirements:

  • High assurance UT EID and password
  • Minimum half-time enrollment
  • Borrowing is limited to $500.
  • All university debts are current and not past due.
  • No emergency cash loan currently unpaid or borrowed within the past 30 days.
  • All loans are due in 30 days; refer to Students Accounts Receivable for other terms and conditions regarding repayment, interest rate and late penalties.
  • Misuse of University accounting services such as bouncing checks or excessive borrowing of emergency cash loans can result in an administrative block on your future access to the system.

Apply for an emergency cash loan through UT Direct. 

Tuition Loans

If you need assistance paying your tuition bill on time, tuition loans are available based on the amount of your tuition and fee bill.

Requirements:

  • High assurance UT EID and password
  • Minimum half-time enrollment
  • Borrowing is limited to the current tuition bill. Non-residents may only borrow the first installment (or 50%) of their tuition bill.
  • All university debts are current and not past due.
  • No unpaid tuition loan
  • All loans are due in 30-90 days; refer to Student Accounts Receivable for other terms and conditions regarding repayment, interest rate and late penalties.

You may apply for a tuition loan through UT Direct.

Illustration of a piggy bank with a running on empty gauge above it