Faculty & Staff Loans

Full Time, Benefits Eligible, SUU employees who have completed their 6-month probationary period qualify to borrow $1,000 from Southern Utah University as a Faculty and Staff Loan. The terms of the loan include a $44 loan service fee, and the $1,044 must be paid back through payroll deduction within 1 year of disbursement (24 pay periods). Should the employee leave the employ of Southern Utah University, for any reason, the remaining balance will be deducted from the final paycheck. The loan may be repaid at any time through requested payroll deduction or at the Cashier’s Office at any time with no penalty.

To exercise this benefit download and complete the Faculty & Staff Loan Promissory Note PDF below and send through the SUU portal secure file sharing to marcimay@suu.edu. Any questions, including payoff amounts, please contact Marci May, Accounts Receivable Supervisor, in Accounting Services.