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Section 6.16 Faculty/Employee Association

Qualifications Tenure
The children of faculty or employee of the A grantee may continue to avail of said
university limited to a maximum of 5 with assistantship provided he will not incur
75% free tuition fee. any failing grade.

Section 7. Financial Aid to Students

Section 7.1. Students Loan Fund. A student loan fund may be established from
government and non-government sources and administered in
accordance with the following rules and regulations:

a) A “Student Loan Board” may be created composed of the Vice-
President/Director of Academic and Related Affairs as Chairman, the
Director of Student Services, the Finance Director or his duly
authorized representative and the Director on Admission and
Registration as members.
b) The Board shall be tasked with the development and administration
of the student fund loan.
c) The loan shall be granted only for the purpose of paying tuition fees,
university fees and other urgent needs of the student.
d) Any student, who cannot, for lack of means, pay in advance his
regular fees, may file an application to the Student Loan Board for a
loan not to exceed his regular tuition fee and other University fees.
For urgent emergency loan, the amount will be determined by the
Board based on the evaluated need of the student applicant.
e) To be entitled to the benefits of this loan, the student must be
recommended by the Dean of the College in which he is seeking
admission.
f) All loans shall bear interest in the rate of 2% per semester from the
date which they are made.
g) The student-debtor shall execute a written agreement, binding
himself to pay the amount of principal and interest in accordance with
the terms of loan, which shall be signed, jointly and severally, by the
debtor and by at least one responsible person who is connected with
the university as guarantor.
h) For the students who are indebted to the University Loan Board, their
sureties, parents and guardians shall be notified that such
indebtedness should be paid in full one month or before the
scheduled final examination.
i) Students who fail to settle said account at the time prescribed therein,
shall constrain his/her instructors/professors to withhold his/her
grades nor shall the Campus Registrar receive or record his grade
until he has paid his indebtedness in full. If the account is not settled

ISU-UDA-UCo-003 100
Revision: 01 June 28, 2016