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Financial Aid
Member, Texas Tech University System The Princeton Review - 373 Best Colleges, 2011 Edition

Emergency Short-Term Loans

Students who have maintained a satisfactory repayment record are eligible to apply for emergency loans. These loans are typically used if a student does not have funds for a tuition installment payment as a result of an unexpected circumstance, such as the delay of awarded financial aid.

To apply for a short-term loan through the university log on to Ramport, click the Student Services tab, and click the "Emergency Loan Application" link. For more information about loan options, contact the Student Accounts/Bursars Office.

Short-term loan borrowers will be assessed a moderate service charge. All emergency loans must be repaid prior to the end of the semester or term in which the loan is borrowed. These funds have been made available through these sources:

Emergency Tuition and Fees Loan Program

Authorized by HB 1147, 69th Legislature, to provide emergency loans to deserving students who are experiencing temporary financial difficulties and who are unable to obtain funds from financial sources outside the university. Borrowers will have a maximum repayment period of 90 days from the date of execution on the promissory note. The interest rate on money loaned is computed at an annual rate that does not exceed 5 percent.

Roland Francis Myers Memorial Loan Fund

Established in the will of Roland Francis Myers, a former student of San Angelo College. Myers wanted the funds available to help deserving students.

Robert L. Cole Memorial Kiwanis Loan Fund

Established by the Downtown San Angelo Kiwanis Club. This fund helps students in need during immediate financial emergencies.

Mr. and Mrs. D. L. Milner, Sr., Memorial Loan Fund

Established by Miss Susie Milner in memory of her parents. This fund assists students experiencing temporary financial difficulties.

Apply for an Emergency Loan 

To apply for a short-term loan log on to Ramport, click the Student Services tab, and click the "Emergency Loan Application" link. For more information about loan options, contact the Student Accounts/Bursars Office.

Determining Financial Need

Financial need is the difference between the cost of attending ASU and the resources available to help meet that cost. Thus, financial need is:

Cost of Attendance (COA)
Minus
Expected Family Contribution (EFC)
Minus
Other Available Resources
Equals
Financial Need

The EFC is determined by filing the FAFSA and is a combination of the student’s contribution and the parents’ contribution (for dependent students). All applicants are required to inform the Financial Aid Office of any additional assistance to be received from outside sources during the application period by completing the Disclosure of Additional Resources Form.

Paying Your Bill

For information about making tuition and housing payments to ASU, please contact the Student Accounts/Bursar’s Office at (325) 942-2008 or visit the office in Room 100 of the Mayer Administration Building.