University Policy Office

Revised to reflect changes to state law allowing the University the option to charge students who borrow money through the loan program: 1) an origination fee of not more than 1.25 percent of the amount of the loan or 2) interest on the loan at a rate of not more than five (5) percent per year. Beginning in fall 2010, the policy authorizes the Student Accounting and University Cashier Services to charge a one-time 1 percent origination fee on all emergency student loans, in lieu of charging a five (5) percent annual percentage rate for these emergency loans. Revisions to this policy are effective 7/6/2010.