Sixty-day loans (book advance from pending aid) will be available for the fall and spring semesters near the USI Bookstore for registered financial aid recipients who need help with textbook purchases.  Loans must be applied for in person.  Book loans are available from 8:30 a.m. to 4:15 p.m.  Dates of availability are as follows (as funding permits):

Spring, 2008
Tuesday, January 8 to Friday, January 11 - University Center
Monday, January 14 to Friday, January 18 - Orr Center Lobby

                                No Book Advances after January 18       

A $10 processing fee is charged for each loan but no interest is charged if the loan is paid back by the due date.  Textbook loans will generally not exceed $500 for students enrolled in four classes. Students who owe prior term charges or have an outstanding prior book loan balance are not eligible for book loans.  Short-term loans will be available, as funding permits, during the first week of each term in the Student Financial Assistance Office (in the Orr Center).  Short-term loans must be repaid even if financial aid fails to materialize!

Students who have financial assistance credit balances in an amount sufficient to purchase books may charge books against their credit balance.  Please check your Account Summary on MyUSI Self Service.  If you have a credit balance, you will be permitted to charge your books up to the limit of the credit balance (to a maximum of $750).  The USI Bookstore will permit such charges on the dates listed for book loans. Refund checks will generally be mailed early in the third week of classes in fall and spring.

To qualify for a short-term book loan, you must –

1) HAVE A ZERO PRIOR TERM BALANCE on your University accounts including all institutional charges and short-term book loans (unless covered in full by pending financial assistance)

2) BE IN GOOD STANDING ACADEMICALLY with the University (students who are    placed on academic probation or who have been academically dismissed, including  those enrolled in the Fresh Start Program, are not in good standing)

3) HAVE PAID CURRENT TERM FEES IN FULL or have sufficient financial assistance to pay these fees.

4) HAVE SUFFICIENT FINANCIAL AID TO REPAY THE BOOK LOAN. This also means your financial aid file must be complete (with the exception of exit interviews).

Note:  Book loan availability is dependent on funding and therefore may vary from term to term.