UC Santa Barbara                                      Policy 1430
   Policies                                              
   Issuing Unit:  Academic Affairs                       Date: February 1, 1986
   
   
   
   
                     TEACHING ASSISTANT LOANS
   
   I.   REFERENCES:
   
        A.   President Hitch's memorandum to Chancellors, dated July 26,
             1967.
        
        B.   Vice President Bannerman's memorandum to Chancellor Cheadle,
             dated September 20, 1968.
        
        C.   Controller Frederickson's memorandum to Vice
             Chancellors-Business and Finance, dated December 12, 1968.
        
        D.   Vice President Perkin's memorandum to Chancellors, dated June
             23, 1972.
   
   II.  POLICY:
   
        The Teaching Assistant Loan Fund was established to alleviate
        financial hardships experienced by Teaching Assistants during their
        initial period of employment. The Teaching Assistant Loan Fund is
        administered by the UCSB Office of Financial Aid.
   
        A.   Eligibility:
        
             Students who are enrolled in full-time graduate programs 
	     at UCSB and who hold posltlons (for no more than one-half time) 
	     as Teaching Assistants or the various titles related by function 
	     and financial circumstance to Teaching Assistants are eligible 
	     for these loans. Teaching Fellows and Associates would be so 
	     classified, but not Readers.
        
        B.   Time of Eligibility:
        
             Teaching Assistant loans may be issued to the recipient 
	     upon arrival on campus or 30 days before the first day 
	     of instruction, whichever is later. The last day to apply 
	     for a loan is the last day of the month in which the 
	     Teaching Assistant begins his/her initial period of
             employment. In most cases, this would be October 31st for
             Teaching Assistants who begin their employment in the Fall
             Quarter, January 31st for those who begin in the Winter Quar
             ter, and April 30th for those who begin in the Spring Quarter.
        
        C.   Maximum Amount of the Loan:
        
             Teaching Assistant loans may be up to a maximum of 
	     one month's pay, although availability of funds may 
	     require smaller average loans.
        
	D.   Interest:
       
	     Loans shall bear interest at the rate of 1 percent per 
	     academic quarter, beginning with the issuance of the 
	     loan. Additional interest shall be charged at the rate of 
	     1 percent on balances remaining at the beginning of
             ensuing quarters.
        
        E.   Repayment of the Loan:
        
             Loans are due three months subsequent to granting of the 
	     loan. The Manager, Business Services, via the Accounts 
	     Receivable Manager, is responsible for extending the 
	     period of payment to a maximum of nine months where the 
	     need is considered to be of a most compelling nature.
             In no case is the repayment period to exceed that of the period
             of employment, and in all cases, loans become due and payable
             upon termination of employment.
        
        F.   Notes and Arrangements:
        
             All applicants will complete the standard "Application for Loan
             for Student Loan Funds" and will be informed of the normal
             three-month payment schedule. Accelerated payments are
             encouraged at any time. Requests for extension will be
             supported by a supplementary statement explaining the reason
             for the requested extension. Delinquent or extended loans may
             be collected by means of payroll deduction.

Please direct questions about these policies to Meta.Clow@vcadmin.ucsb.edu. For questions or comments regarding the format of the above information, please contact webcontact@ucsbuxa.ucsb.edu. 

Return to the UCSB home page.

Last Modified By: EBH, 7/09/98