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Short-Term Loan Application

General Loan Information

Western offers two types of short-term loans to assist students with immediate financial needs: Emergency Loans and Institutional Loans. For questions about these loan programs, please contact Financial Aid, Old Main 265, (360) 650-3470.


The emergency loan program is designed to assist students with occasional urgent or emergency circumstances. Loan applications are reviewed for the nature of the urgent or emergency circumstance and the apparent ability of the applicant to repay the loan. Loan applications may be denied where loan repayment is in question, the circumstances do not appear urgent or emergency-related, or the applicant appears to be over-reliant on the emergency loan program in lieu of managing a budget.

  • All loans have a $50.00 minimum with increases in $25.00 increments.
  • All borrowers must be currently enrolled in at least 1 credit at Western Washington University. Loans may not be made to students who are in default or delinquent on any outstanding loan, or have an unfavorable loan prepayment history, and borrowers must show they can repay the loan by the due date.
  • If withdrawal from Western occurs, loans will be due immediately and any refund due to the borrower because of early withdrawal will be applied against payment of this loan.
  • Students who have had a previous short-term loan turned over to a collection agency or referred to the Attorney General's Office are ineligible for participation in this program.
  • We reserve the right to refuse loans based on student credit histories at Western.
  • All payments are to be made at the University Cashier, Old Main 110, or mailed to: Cashier Office, 516 High Street, Bellingham WA, 98225
  • Questions concerning repayment should be directed to the Student Accounts Office, Old Main 110, (360) 650-2865.

Emergency Short-Term Loans - $350 Maximum/Due in 30 days

  • Disbursement: Completed applications will be forwarded to the University Cashier by Financial Aid staff. Funds will be available at the University Cashier on the next working day. Emergency Short-Term Loans that are not picked up within 30 days will be cancelled.
  • Interest and fees: A $5 loan origination fee will be charged on each loan, and will be deducted at the time of the disbursement. Interest of 1% per month is applied if not paid by the due date.
  • Repayment: If an individual is a recipient of student financial aid and aid is disbursed prior to the Emergency Short-Term Loan due date, the loan will be paid in full before a financial aid check or direct deposit will be issued. Otherwise, the loan is due and payable in 30 days according to the signed Promissory Note.

Institutional Short-Term Loans - $600 Maximum/Due in 90 days

  • Guarantor: Financial Aid requires a guarantor for this loan. The guarantor must be at least 21 years of age and financially able to repay the loan on the final due date if the borrower cannot. Employees or Students of the University and the applicants spouse or roommates, will not be accepted as guarantors.
  • Disbursement: Proceeds will be applied to the student's current account balance and all balances due within the next 30 days of the date of disbursement before a check will be issued unless otherwise arranged. Institutional Short-Term Loan checks are mailed from Student Accounts. Institutional Short-Term Loans not completed and issued within 30 days will be cancelled.
  • Interest and fees: A $10 loan origination fee will be charged on each loan advance, and will be deducted at the time of the disbursement. Interest of 1% per month is applied if not paid by the due date.
  • Repayment: If an individual is a recipient of student financial aid and aid is disbursed prior to the Institutional Short-Term Loan due date, the loan will be paid in full before a financial aid check or direct deposit will be issued. Otherwise, the loan is due and payable in 90 days according to the signed Promissory Note.
Open 9am - 4pm Monday - Friday | Old Main | 516 High Street, Bellingham, WA 98225
Western Washington University | Bellingham, Washington