UC Foundation Loan
In the event you might need financial assistance until your regular compensation begins, arrangements can be made for a loan up to a maximum of $3000. There is a 2% administration processing fee that is added to the amount of the loan. To request a loan you need to write to your department head explaining briefly why the loan is needed. The UC Foundation administers the loan agreement. Repayment is made over a one-year period through monthly payroll deductions. Contact Mike Sonntag for more information.
The University also offers a Rowe loan administered by the Benefits Office. The amount of the loan cannot exceed 15% of your annual base salary or a maximum of $5000, whichever is lower. The maximum period of repayment is two years, in monthly installments of principle and interest by payroll deduction. For more information, you may refer to the benefits website.