J-Term & Spring Semester 2021 Update: The Honor Loan will only be issued remotely for J-Term and the Spring semester. You will need to enter a valid mailing address in the application in order to receive your Honor Loan check. The address that you enter will need to match with your address in SIS. If you need your check mailed to a different location, you will need to update the address in SIS prior to applying for a remote loan.
Once a loan is approved a check will be sent via FedEx Next Day. Please allow 2-3 business days (Monday through Friday) from the application date for your loan and check to be processed.
About the Honor Loan
The Honor Loan fund was established to help University of Virginia students meet their short-term financial needs. In order to be eligible for an Honor Loan, students must be (1) currently enrolled and (2) in good standing with the University academically and financially. The Honor Loan fund is revolving, which means there is a limited amount of money available for lending and fund’s success depends on students repaying their loans in a timely manner. The loan may be taken out during the fall, spring, or summer* term. The maximum loan amount is $1,000 and students are expected to repay their loan within 30 days*. Although no interest is charged, there is a fee associated with late repayments and a hold will be placed on the student’s account. Failure to repay the loan may result in losing the privilege to borrow from the Honor Loan fund in the future.
*For loans requested during the summer, students must be enrolled in the fall semester OR a summer session. Students graduating in the spring are not eligible for the Honor Loan in the summer after they graduate.
*If a student is unable to repay the loan in full within 30 days, a payment plan or longer term may be available. Please connect with a staff member in the Business Services Office for details.
(What do you plan to use it for?)
(E.g. counseling, food insecurity, housing insecurity, support for ongoing financial challenge)