Tpeg Short Term Loan Application And Promissory Note (Page 2 of 4) in pdf

Tpeg Short Term Loan Application And Promissory Note Page 2

Student ID# ___________________________

d. Students will not be permitted to register for the next term until the loan has been repaid in full;

e. Undisbursed financial aid can be considered as a means of repayment as long as the amount of anticipated

financial aid exceeds the amount borrowed from the TPEG loan. If funds are posted before the 30 day period.

IV. CONSEQUENCES OF DEFAULT

Past due loans are subject to the collection policies of Houston Community College. Sanctions include, but

are not limited to the following:

a. A $15.00 service charge;

b. Withdrawal from all courses by the close of business of the thirtieth day. The student cannot be reinstated and will

continue to owe the full amount of the loan;

c. Restrictions on the borrower’s official college records, (i.e. the student will not be able to register or receive an

official grade transcript, degree, or certificate);

d. Referral of the past due loan to a collection agency;

e. Referral of the past due loan to the appropriate credit bureaus;

f. Litigation by HCC legal counsel.

V. STUDENT RESPONSIBILITIES

The following changes must be reported in writing immediately to the Financial Aid Office and Registrar’s

Office at the College from which the student received the loan. Failure to notify the College of any of these

changes in writing will not preclude the student from timely payment of the debt if correspondence is sent to an

incorrect address.

a. Total withdrawal from school;

b. Transfer to another school;

c. Name change

d. Address change

e. Social Security number change

ALL APPLICANTS ARE ENCOURAGED TO APPLY FOR STUDENT FINANCIAL ASSISTANCE. TPEG

FUNDS ARE LIMITED. COMPLETION AND SUBMISSION OF THE APPLICATION DOES NOT

GUARANTEE THAT YOU WILL RECEIVE A SHORT TERM LOAN.

Tpeg Short Term Loan Application And Promissory Note Page 2