UNIVERSITY OF FLORIDA


are extenuating circumstances, exception to this rule may be made. Before a loan will
be granted the Committee must be thoroughly convinced of the applicant's real need
for assistance and it will be considered grounds for refusal of the application if it is
found that a loan is desired as a mere matter of convenience to avoid earnest effort
on the part of the applicant to obtain the necessary money from other sources.

 AMOUNT OF LOANS
 Long-term loans shall be limited to $500.00 to any one applicant. Not more than
 $250.00 may be secured during any one semester. Short-term loans are for small
 amounts with a maximum of $50.00.

 RESPONSIBILITY
 Each student making a loan shall sign a note for the full amount of the loan.
The applicant for long-term loans shall be required to furnish an acceptable endorser.

 LONG-TERM LOANS
 Loans shall be payable in a lump sum or in installments of not less than 10% per
month, which payments shall include interest and principal. The loan, or the first
payment, shall be due not later than three months after graduation or the date of
leaving college if the borrower does not graduate. Exceptions to this may be made in
special cases.
 SHORT-TERM LOANS
 Short-term loans (Tolbert Loans) are available in cases of emergency. These
loans may not exceed $50.00 to any one applicant and must be repaid within 90 days
or by the end of the semester in which the loan is made.

 INTEREST
 Unless the loan fund specifies otherwise, loans will bear 5% interest.

 LOAN RENEWALS
 Loan renewals requested by students in residence shall be made to the Chairman
of the Committee on Student Aid, Scholarships and Awards. Loan renewals requested
by students no longer in residence shall be made to the custodian of accounts in the
Business Office.
 PENALTIES FOR DELINQUENCIES
 If a loan is due before the end of the semester and is not paid or renewed, the
student may not receive credit for the semester's work, will not be issued a transcript,
and may not reregister until payment or renewal is made. This delinquency shall be
posted on the student's personal record. If a loan is due before the beginning of a
semester and is not paid or renewed, the student will not be allowed to register, or will
be dropped if he has already registered.

 Unless otherwise specified, application for loan funds listed below should be
made to the Dean of Men who is Chairman of the Committee on Student Aid, Scholar-
ships and Awards.
 American Association of University Women.-The Gainesville Branch of the Ameri-
can Association of University Women offers a loan scholarship of $100 each to women