The short-term loan program at Southwestern Oklahoma State University is administered by the Office of the Bursar. The Bursar receives applications and approves loans that meet necessary requirements as enumerated herein. The University's Director of Business Affairs, Executive Vice-President, or President, in that order, shall act for and on behalf of the Bursar in his or her absence. Exceptions may be granted by the President or other appropriate Senior Business Officer. Loans to employees must have express approval of the University President or other appropriate Senior Business Officer in the absence of the President.
Loans are due and payable in accordance with the loan agreement evidenced by a promissory note.