Skip to Main Content

To maintain safety and well-being we encourage remote contact by phone or YMessage.
When in-person help is necessary, follow all BYU COVID policies when visiting our offices.

Short-Term Loans

BYU short-term loans are an option to help you pay tuition on time. They are interest-free until the due date.

Apply for a Short-Term Loan

The BYU short-term loan is designed to help students pay tuition by the final tuition deadline if financial aid or other payment arrangements have not been finalized. Short-term loans are subject to a $20 processing fee. (Note: the $20 fee has been waived for the fall 2020 semester.)

  • Loans only begin accruing interest if not paid in full by the due date (12% per year).
  • If you take out a short-term loan, you will have a hold placed on your account that prevents you from registering for future semesters or terms. The hold will be released when the loan is paid in full.
  • You will not be allowed to take out an additional short-term loan for another semester until your previous short-term loan is paid in full.

Short-Term Loan Repayment Deadlines

  • Fall Semester: November 1
  • Winter Semester: March 1
  • Spring term: June 1
  • Summer term: August 1

 

YouTube video