Faculty Policy Series #25

Faculty Loans

To meet personal emergencies (as distinct from personal convenience), regular faculty members may borrow sums from the University not to exceed 10% 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)