There is no interest charged and the loan must be paid within 30 days. See the Administrative Assistant in the Office of the Vice President for Student Services. Quite frequently international students at Georgia Tech will not receive their quarterly allowance from their home country in time to pay their fees. A short term loan can be issued for any amount up to the cost of the student's tuition and fees. However, it must be repaid by the end of the school quarter.
Interest is charged for a short term loan.
Even though short term loans are made most frequently in the situation described above, nevertheless, a student may also request a short term loan whenever he needs a large amount of money for any legitimate reason. The decision to make the loan for non-school purposes is made by the director of financial aid. Short term loans should be applied for at least four days in advance of the day the money will be needed.