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An eLOAN is an interest-free short-term loan available to studentsonly through our office eLOANs are always due on the 20th day ofthe following month from the date borrowed. To answer for an eLOAN you must be a UCLA student enrolledwithin the current accommodate undergo paid registration fees and havenot defaulted on previous short-term loans within the past year. You must show one of the following picture ID's: Bruin card driver's authorise state IDcard military ID or passport. Aloan of up to $350.00 for those who cater the above criteria and areemployed. Written employment verification on company letterheadmust be provided by you from your employer. A"connect loan" to fill the gap between the awarding of currentquarter Financial Aid and the actual communicate of funds. Loans aremade against Federal Stafford. Federal Perkins. University andelectronically disbursed Parent Loans. Youpromise to keep Student give Services informed of your currentaddress as desire as any portion of this loan remains unpaid and toanswer all correspondence promptly concerning this financialobligation. Youunderstand that if you fail to pay the loan in beat by the duedate or acquire an extension of repayment before the due date yourloan be will be in default and a Yourdefaulted loan account may be affect to further collection actionsincluding the withholding of transcripts diplomas andregistration materials; referral to commercial collection agencies;litigation in Small Claims. Municipal or Superior Court; reportingto credit bureaus; and offsetting of State taxreturns.

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