Please Note: The Summer 2014 Bailey Loan Program is closed for the remainder of the summer. Fall 2014 loan programs will open on August 18, 2014.
Eligibility for Fall 2014 will require fall semester enrollment and a minimum 2.5 cumulative UNT GPA (exception for incoming freshmen and transfer students). Students may not have past due or prior semester balances, and have no financial blocks on their accounts. Fall Memorial Loans are set at a maximum of $500.
This is a closed application system. Students must contact the center at 940.369.7761 to discuss a potential application with the loan team to be granted an override to gain access to the online application system.
A Bailey Loan is a short-term, needs based loan that enables Denton-campus students to remain enrolled. Loan amounts vary reflecting the needs-based assistance requested by each applicant. Only Denton campus students are eligible to apply for a loan.
The maximum level of support a student may apply for is $1,000 during the Fall and Spring Semesters; $500 is the maximum level for Summer semesters. A $45 origination fee is applied to the loan. Repayment of a loan and fee is the responsibility of the student and is required by the student to repay as defined by the terms stated in the promissory note. Application and loan processing dates vary with each semester. Students can only apply for one Bailey Loan per academic year. Students become ineligible to apply to any other SMMC loan program for the remainder of the academic year with the acceptance of a Bailey Loan.
Accounts will be considered late one (1) day past the repayment date stated in the signed promissory note and assessed a $25 penalty charge. An account will be considered default and assessed an additional $25 penalty charge thirty-one (31) days past the repayment date as stated in the signed promissory note.
*Special exception granted to first-semester students.
We've listed answers to the most commonly asked Bailey Legacy Loan program related questions here.