WSU short-term loan

Apply for a short-term emergency loan in Academica under Student Resources - Financial Aid - Short Term Emergency Loan Application.

Other sources of emergency funding -  WSU  Emergency Grant.

What is a short-term loan? 

  • One-time advance on your financial aid 
  • Purpose is to assist with expenses related to attendance at WSU 
  • Books, supplies, transportation, etc. 
  • If your financial aid cannot be applied to your account, this loan must be repaid 
  • Undergraduates, graduate students, and law students may apply online 

Loan requirements

Loans are available to students who meet the loan eligibility requirements:

  • The sum of your outstanding financial aid awards must exceed your current balance for the semester
  • You must be enrolled at least half-time in a degree or eligible certificate program
  • You must have completed all financial aid requirements
  • You must be meeting Satisfactory Academic Progress standards
  • You must not have any outstanding prior balance holds
  • All outstanding University loans must be in good standing
  • You must be at least 18 years old
  • You must have a valid mailing address on file with WSU

Loan proceeds

If your loan is approved, you will receive an email with information about when your check will be available for pick-up. You will be able to pick up your check in the WSU Cashier's Office, Welcome Center, 42 W. Warren Ave, Detroit.

Title IV authorization 


  • When can I get a short-term loan?

    A short-term loan is a one-time advance on your financial aid for the semester. If your financial aid has already been applied to your account, you will not be eligible for a short-term loan.

    Financial aid funds will not be applied once classes begin until your instructor confirms your participation in class. If your financial aid eligibility is confirmed, but you are waiting for an instructor to confirm your course participation, you may apply for a short-term loan to use for your other educational expenses.

  • Can I get a short-term loan now for next semester?

    The short-term loan application will be available once classes begin for the semester. Loans are available during the fall and winter semesters. 

  • How do I qualify for a short-term loan?

    A short-term loan is a one-time advance on your financial aid. The sum of your outstanding financial aid awards must exceed your current balance for the semester and your financial aid eligibility must be confirmed before an advance can be considered. You must meet all financial aid requirements including the following:

    In addition to financial aid requirements, you must also meet the following student accounts receivable requirements:

    • You must not have any outstanding prior balance holds
    • You must have a mailing address on file with WSU
    • You must be at least 18 years old
  • How do I apply for a short-term loan?

    Undergraduate, graduate and law students may apply online. The Short-term Loan Application is open daily 10:00 am until 11:00 pm during the following periods:

      Fall semester Winter semester
    Application opens First week of classes First week of classes
    Application closes Last week of classes Last week of classes

    Students in the MD program should visit the financial aid office at the School of Medicine for more information.

  • How do I know if I qualify for the loan?

    The online application process will automatically confirm your loan eligibility based on your current financial aid awards.

  • What do I need to have with me when I complete the application?

    You will need to add two references to the application form. You will need the names, complete addresses and phone numbers of a relation and non-relative who do not live in your household and know where to contact you. Note: addresses must be different.

    You should have your driver’s license.

  • Do I need a co-signer?

    There is no co-signer required on the short-term loan.

  • How long will it take to get a check?

    Pick up your check according to the following schedule.

    Online application submitted before 6:00 pm Online application submitted after 6:00 pm
    Loan check will be available for pick-up after 11:00 am on our next business day Loan check will be available for pick-up after 11:00 am on the third business day

    For example, if you are approved online before 6:00 pm on Monday, you may pick-up your check on Tuesday after 11:00 am. If you are approved online after 6:00 pm, you may pick-up your check on Wednesday after 11:00 am.

  • Do I have to bring anything when I pick up the check?

    You must bring valid photo ID with you to pick-up your check.

  • How long will my check be available?

    If your check is not picked up within 10 calendar days, it will be cancelled and the funds will be reapplied to your student account balance.

  • Can I get the loan funds by direct deposit?

    The WSU short-term loan is only available by paper check, which must be picked up by the borrower at the WSU Cashier’s Office in the Welcome Center.

  • How do I repay the short-term loan?

    University loans are to be repaid within 90 days of the application or before the end of the semester, whichever is earliest.

    Loans are not subject to interest charges if paid by the due date. Loans not paid by the due date will accrue interest at an annual percentage rate of 5% beginning the day after the due date. Interest is compounded monthly. The due date may be changed to an earlier date by the University without notice to coincide with the delivery of financial aid. 

    Federal financial aid funds (Federal Pell Grant, Federal Perkins loan, Federal SEOG, Federal TEACH Grant and Federal Direct Loan funds) disbursed to student accounts are automatically applied to tuition and fees and on-campus room and board. Any remaining funds may then be applied to other charges, including a short-term loan.

    Past due loans will result in "Holds" placed on student's records, registration, transcripts and diplomas. Failure to repay the loan by the due date will result in the account being placed with an outside collection agency to assure payment of the outstanding debt, and to recover from the student any and all costs involved with the collection of the debt. The student's delinquent repayment status and any other relevant information will be reported to credit bureaus.