LOANS AND PAY ADVANCES

Loans to Employees or advances in pay do little in the long run to help an Employee meet his or her financial obligations. At the same time, the University may be put in a very difficult and unpleasant position if required to collect a past due loan. For these reasons, except in rare and exceptional circumstances, it is the University’s policy not to make loans or advances of pay to Employees. Similarly, management and Employees are discouraged from extending loans to any fellow Employees because of the potential for conflict that may result.