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Limited cash loans of up to £250 are available to students experiencing delays in receiving their usual funding.
If your normal funding (e.g. maintenance loan, scholarship, or stipend etc.) has been delayed, you may apply for a short term loan. These interest-free loans are available for up to £250 and are usually repayable after one month.
Eligibility
To qualify for a short term loan you must:
- Be fully enrolled on a full-time or part-time programme at UCL (students on time-limited enrolment are not normally eligible*).
- Have commenced or recommenced your programme of study for the current academic year.
- Be experiencing a delay in your usual funding and be able to provide proof.
- Have exhausted all other emergency funding options, such as asking family for help or using an overdraft facility.
- Not have received a previous loan from Student Funding Office during the same academic year.
- Have repaid any prior loans from previous years within the agreed one-month repayment period without any defaults.
- Not owe UCL money for tuition, accommodation fees at the time of the request
*Exceptions may apply if you are an undergraduate student awaiting confirmation of your Tuition Fee Loan from Student Finance.
How to apply
Submit your application via askUCL. Attach a completed copy of the Short Term Loan Questionnaire to your enquiry.
Loan payment
Payment is made via bank transfer to UK bank accounts only. Please note: Once your loan has been approved, it will then take 7 working days for you to receive payment.
Students on Study Abroad programmes can also enquire about a loan by submitting an enquiry through askUCL.
Repaying your loan
Repayment is usually expected within 4 weeks. Instructions will be emailed to you.
If you cannot repay the loan by the agreed deadline, contact the Student Funding team through askUCL.