The Short Term Loan Scheme is designed to assist students who find themselves with a temporary cash flow problem caused by circumstances beyond their control.
There are not sufficient funds to provide substitute overdrafts for students, if you do not have an overdraft you will need to provide proof you have applied and been refused.
A Short Term Loan is £60 in any given week for a single person with no dependents to be repaid in 30 days. If you feel that you require a higher amount or longer loan period, speak to a member of Student Support who may be able to approve this in exceptional cases.
Loans will not normally be offered to students who have defaulted on a previous Short Term Loan, or who have not exhausted other sources of funding available to them.
Any currently registered home UK student may apply for a Short Term Loan but loans are not normally given in the last 2 months of your course of study. We aim to contact you via email regarding the application within two working days (Monday to Friday).
Successful applicants must provide a debit card repayment dated for 30 days’ time [or your next student loan instalment, whichever is sooner] for the full value of the loan.
Short-term loans can be collected from the Finance Office in Main House, Newton Park Campus (MHG07). You must provide your University student ID card on collection of the loan and all loans need to be collected within 2 working days, or they will be cancelled. In exceptional circumstances the loan can be paid via BACS into your bank account.
Failure to repay your loan may result in you being excluded from the short term loan scheme or being unable to register for your next year of study.