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Financial Aid & Scholarships Office


Garman Short Term Loan

Student Loans

The Garman Short Term Loan Fund was established in 1974 by a bequest from Benjamin Lee Garman. The bequest’s only directive is that the funds be used for loans and that no loan can be made to a student who “interferes with or disrupts the teaching activities of such university by direct action rather than orderly processes.”

Policy Statement

Students who encounter emergencies or other circumstances beyond their control may be eligible for short-term assistance. Short-term loans are available on a year-round basis to students who:

  • Are currently enrolled at least half-time in a degree seeking program at the university
  • Have tuition charges fully paid or paid with expected financial assistance
  • Have a verifiable source of repayment (current employment, anticipated financial aid)
  • Have two recent pay stubs if employment is used as the source of repayment
  • Have no history of delinquent short-term loans or other outstanding debt to the University
  • Are at least 18 years old
  • Agree to repay the loan within 30 days or by the end of the term, whichever comes first
  • Are not employed by the University (except students employed on work study or as student hourly employees)
  • Have had no previous short term loans in the same term

Due to extenuating circumstances, exceptions for loans supported by employment income may be approved by the Director or Assistant Director of Financial Aid AND the Associate Vice Chancellor of Finance and Administration. Exceptions made for loans based on expected financial aid require only the approval of the Director or Associate Director of Financial Aid.


For the Denver Campus, the maximum loan amount is $500 and $400 if employment is used as the source of repayment.

For the Anschutz Medical Campus, the maximum loan amount may vary depending on the circumstance.

A $10 service fee per loan is added to the principle balance. Loans are interest free until they become delinquent. Delinquent loans are charged interest at the rate of 21% APR and a financial hold is placed on the student’s record.


Eligible students will complete the application at the Financial Aid Office. If the application is approved, the loan will be available immediately from the Denver Campus Student Services Center or the Anschutz Medical Campus Cashier's window.


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