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Short Term Loans

The Dean of Students Office offers Short Term Loans for emergency situations, should students meet the following loan requirements.

 

Eligibility Requirements

  • A 2.0 or higher GPA
  • Current enrollment at UNM for at least 6 hours*
  • Past due balance in Bursar’s must be less than $200.00

A Service Charge of 7% is added to all loans when processed. If requesting the full $800, the Service Charge is $56. 

 

Please Note:

  • Students can receive up to two Short Term Loans per semester
  • Only one Short Term Loan may be taken out at a time, and loans must be repaid in full prior to any application for a second loan
  • Regular full or part-time UNM faculty or staff members earning benefits are not eligible for a Short Term Loan (student employees and work-study students are eligible)
  • The maximum loan amount is $800.00 (plus the 7% service charge)
  • Short Term Loans and the associated 7% service charge must be repaid within 45 days of the application date
  • Payment should be made to the Bursar’s Office. The Dean of Students Office cannot accept any form of payment for a Short Term Loan
  • Short Term Loans may not be used to pay back the University (including Bursar’s, the Bookstore, or Residence Life & Student Housing)
  • Loans are typically direct deposited within 24-72 hours. Weekend deposits may take an additional 24 hours depending on your bank

 

If you have any questions about these requirements, please contact the Dean of Students Office at (505) 277-3361 or doso@unm.edu.

Loan processing closes at 2:30 PM, Monday thru Friday. Students signing up for a loan after 2:30 PM will have to wait till the next business day for the loan to be processed. Please visit the Dean of Students Office to apply for a Short Term Loan.

 

*During summer school a student must be either enrolled for summer or be enrolled for at least six hours for the fall semester.
*During the intersession a student must be enrolled for the following semester.

 

Under Title IX, sexual violence is a severe form of sexual harassment. Sexual violence is unacceptable and will not be tolerated at the University of New Mexico. Sexual violence may be committed by a stranger, an acquaintance or someone with whom the victim is involved in an intimate or sexual relationship. Victims of sexual violence are encouraged to report what happened to law enforcement and seek assistance from any of the resources, on and off campus, listed in this publication. 

Please contact UNM's Title IX Coordinator, Angela Catena, at acatena@unm.edu for more information about Title IX.