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