Emergency loans provide assistance to students experiencing short-term financial problems. They will remain interest-free for a specified time period and cannot be used for tuition or residence fees.

Apply online using the Undergraduate Student Emergency Loan application to request a short-term emergency loan from the University of Waterloo.

Once submitted, the Student Awards and Financial Aid Office will review and if approved, the loan will usually be available within three business days.

Funding can be processed electronically by direct deposit if you have added banking information to your Quest account. Direct deposit instruction are available on the Finance website.

Rules and regulations

  • Applications will be accepted from the first day of lectures up to the last day of the final examination period for a term. Fall applications are only accepted until Dec 17, 2019.
  • Emergency loans may not be used to cover tuition.
  • Loan maximums: $1,000 for full-time students and $300 for part-time students.
  • Loans are not available until tuition fees are paid or arranged with Student Financial Services.
  • Students must be in satisfactory academic standing.
  • Available to all students: domestic and international.
  • Payment will normally be available within three working days for approved loans.
  • Repayment can be made at Student Financial Services (EC5). If paying by certified cheque or money order, make it payable to "University of Waterloo" and clearly state your name, student identification number, and that it is an "emergency loan repayment". Repayment should not be made to your student account.

Anticipated Aid for your Promissory Note

OSAP, award and scholarship amounts will be posted as Anticipated Aid on your Quest account each term. Amounts will be updated throughout the Promissory Note period.

OSAP Processing

Full-time OSAP 

  • Documentation received the week of May 11
  • Spring extensions received the week of May 18

Part-time OSAP 

  • Applications received the week of May 11
  • Please allow 4 weeks for processing

Financing your education presentation