Payroll Transition Loan for Harvard Griffin GSAS!
This program is designed in partnership with Harvard Griffin GSAS to provide a one-time short-term loan to PhD students who experience financial hardship due to the change in pay schedule when moving from a stipend to a salaried student research assistant (RA) appointment payroll.
Eligibility
Active Harvard Griffin GSAS PhD students who are transitioning from the stipend payroll to a salaried student research assistant (RA) appointment payroll.
Terms
Maximum loan amount of $3,000
- Zero percent interest rate
- Repayment to the Harvard FCU must be made over a 10-month period (loan term)
- The application is subject to a $25 processing fee, which may be deducted from the loan disbursement
Applicants need to obtain approval and sign an affidavit with GSAS. GSAS will notify Harvard FCU of approval for the loan.