Pensacola Junior College - Financial Services

Short-term loans consist of a limited number of loans made by PJC in which money is loaned for only a short period of time within a single semester.

To be eligible for a short-term loan, a student must:

Be 18 years of age or older, otherwise, parent or guardian signature is required.
- A photo I.D. is required, i.e. valid driver’s license, military identification, or passport.
Have at least a 2.0 (“C”) cumulative grade point average on all post-secondary coursework at PJC.
Maintain satisfactory academic progress (the maximum timeframe is not applicable). If the student is on “academic warning” and is enrolled at PJC, he/she must wait until grades from the current term are posted before a short-term loan can be obtained for an upcoming enrollment period.
Have no delinquent financial obligations to the college, i.e. LRC fines, parking fines.
Not have an outstanding defaulted loan or grant overpayment for any federal or state student aid programs.
Enroll in a minimum of three college credits, vocational credits, college preparatory, or vocational preparatory courses.
Be able to demonstrate ability to repay the short-term loan by the due date.

Loans are secured by a Promissory Note. Students are responsible for reading and understanding the conditions of the Promissory Note. The Promissory Note includes an authorization permitting Pensacola Junior College to withhold an amount equal to the short-term loan plus accrued interest and service charges from any funds received by PJC which are payable to the student.
The student must register for classes and bring a copy of the fee schedule to the Financial Aid Office to apply for the short-term loan. After the short-term loan has been authorized, a new registration fee schedule will be printed and the cash due amount will reflect the remaining balance to be paid by the student due before the close of business on fee pay day and nightly thereafter. If payment of the balance due is not done, the student's schedule will cancel.
Short-term loans are processed on a "first-come, first-served" basis. Funds are limited; therefore, monies may be exhausted before the last day of resignation.

Maximum loan amounts for registration fees will be based on 75% of the fees for a minimum of three credits or more, not to exceed $700. The student is responsible for paying the remaining balance of the fees.
The minimum loan is $35.00.
A $5.00 service charge is added to the loan and is due at the time of payment.
Loans not paid in full by the specified due date will accrue interest at the rate of 5% per annum. Students with delinquent debts will not be permitted to register or to have grades/transcripts released.

Withdrawal from classes does not relieve the student of the student’s obligation to repay the loan.

Should a student drop a course(s) during the schedule adjustment period and be entitled to a refund of fees, the refund will automatically be applied toward the outstanding loan.
Delinquent loans will be prosecuted for collection.
All costs of collection including reasonable attorney fees will be the responsibility of the borrower.
If a student cancels classes or pays for classes with other funds the $5.00 service charge is still due.
The payment due date is reflected on the Promissory Note.
Payments may be made in the Bursar’s Office during normal business hours prior to or on the due date.
The Bursar's Office is located:
- Pensacola Campus, Registration Center, Building 2
- Milton Campus, Student Services Building, Building 4200
- Warrington Campus, Student Services Building, Building 3600

Payments on short-term loans may be made online by going to your online record at www.pjc.edu (click on the Spyglass logo).

Office Locations and Telephones
Campus	Building	Telephone
Pensacola	Bldg 2B	850.484.1680
Milton	Bldg 4200	850.484.4410
Warrington	Bldg 3600	850.484.2349