Emergency Employee Loan Program
The UCSF Emergency Employee Loan Program (Administered by the Faculty & Staff Assistance Program) is intended to provide loans to career employees who have an immediate need for funds as the result of an unplanned emergency and are unable to obtain a loan from a credit union or comparable lending institution.
Who is eligible for a loan?: Only UCSF career employees who have been employed by the University at 100% time for at least one year are eligible. Part-time, Casual, Contract, Student and Leased employees are not eligible.
How much is the loan?: The maximum loan amount is $1,000 in any 12-month period. Documentation provided determines the amount granted. Interest is charged on the loan based on the current interest rate for unsecured personal loans in the State of California.
How many loans can I take out?: Only one loan can be taken out in the same twelve-month period. An employee can be granted only three loans within a seven-year period.
Do I qualify?: The loan program is for career employees who are experiencing an unplanned, emergency financial situation. Examples of these are: unanticipated break down of only car, death or terminal illness of an immediate family member, payment of security deposit for an apartment necessary as a result of divorce, domestic violence or sudden eviction, emergency, non-elective surgery.
The following types of situations are, in general, not eligible:
- Employee is behind in bills taxes, insurance or legal fees: You may wish to contact your creditors directly and request payment arrangements or call Consumer Credit Counseling Service of San Francisco, a not-for-profit organization which provides money management information and assistance, at 1-800-777-PLAN.
- Delinquent rent, except in cases of catastrophic emergency: For assistance in rental property issues, you may wish to call: San Francisco Rent Board at (415) 252-4600, San Francisco Tenant Union at (415) 282-6622, Berkeley Rent Stabilization Board at (510) 644-6128, or Landlord/Tenant Division of Marin County at (415) 499-7454.
- Bringing relative to the US from a foreign country: Contact your country’s embassy for programs that may be available.
- Tuition for the employee or a member of their family: Contact the student’s Financial Aid Office for information on loans, grants or work-study plans.
How do I apply?: Applications for Emergency Loans are not faxed or e-mailed. To insure against fraud, employees may make an appointment to apply in person at the Faculty & Staff Assistance Program at (415) 476-8279. You will need to bring a valid State of California ID or Driver’s License and your UCSF Employee ID and a current paycheck statement, as well as any documentation of the need you may have.
How is the loan re-paid?: Repayment of loans is made by regular payroll deduction over a 12-month period. You must sign a promissory note prior to the disbursment of any monies. If you leave University employment for any reason during the repayment, the full and remaining amount of the loan plus interest is due and payable from your final paycheck.