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. For more information about loan options, contact the Student Accounts/Bursar’s 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 60 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
The fund was 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
The fund was 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
The fund established by Miss Susie Milner in memory of her parents. This fund assists students experiencing temporary financial difficulties.
To apply for an Emergency Loan:
To apply for a short-term loan through the university:
- Log on to RamPort.
- Navigate to the Financial Aid & Billing page.
- Click the Emergency Tuition & Fee Loan Application or Emergency Book Loan Application link. Application links are only available for a limited time as loans are not available all semester.
For more information about loan options, contact the Student Accounts/Bursars Office.
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 Sol Mayer Administration Building.
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)
Expected Family Contribution (EFC)
Other Available Resources
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 Office of Financial Aid and Scholarships of any additional assistance to be received from outside sources during the application period.