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Faculty Policy Series #25

Faculty Loans

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To meet personal emergencies (as distinct from personal convenience), regular faculty members may borrow sums from the University not to exceed l0 percent of the borrower's annual base salary. These loans, which are confidential in nature, carry interest at current appropriately established rates and must be repaid before expiration of the borrower's contract of employment with the University.


FPS #25
(rev. 1969)