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

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.

  • 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.
  • BYU is unable to extend Short-term Loan (STL) credit to students who do not have a Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) on file with the university. If you have a SSN/ITIN, please enter it into the BYU Information System. If you are working to get an SSN/ITIN, and you would like to explore options for a STL please send us a YMessage.

Short-Term Loan Repayment Deadlines

  • Fall Semester: November 1
  • Winter Semester: March 1
  • Spring term: June 1
  • Summer term: August 1
How to Take Out a BYU Short-Term Loan