Financial Aids


Overview
The University's Student Loan Fund (SLF) provides financial support to students whose academic progress is being or may be impeded by a lack of financial resources. The fund is self-sustaining and relies on consistent control and recovery of loans.
Scope and Application
The fund is available to all Panha Chiet students who meet the eligibility criteria set out in the policy.
1. Eligibility
a) Applicants must be enrolled:
  • in an academic program leading to an award of the Panha Chiet University, or
  • in a Foundation Course or associate certificate program, or
  • in the Pre-Enrolment English Program (PEP) offered through Professional and Continuing Education.
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    b) The following students are not eligible:
  • students enrolled in a Panha Chiet course that does not lead to an award of the University.
  • single study students
  • students who have defaulted on repayment of previous Student Loans, whether or not the previous loan has been formally waived. Exceptions may be made where the student has negotiated and met alternative repayment arrangements, or in exceptional circumstances.
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    2. Criteria
    Applicants must demonstrate that:
  • their academic record is such that they have a reasonable prospect of successfully completing their academic program but for their financial situation; and
  • their financial situation is impeding or has the potential to impede their academic progress; and
  • they have a capacity to repay the loan.
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    3. Loan conditions
  • Successful applicants for a loan must sign a Loan Agreement, including a repayment schedule.
  • The repayment schedule must be structured to allow the loan to be fully repaid before the applicant completes their studies, and preferably within 8 months of the dateof the loan.
  • Loans must be fully repaid before the student is permitted to graduate.
  • Loans are interest-charged which will be 4 percent per month, with the first loan installment of 20 percent.
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    4. Guarantors
    All loans which will bring the applicant's total loans to more than $200, require a guarantor or two. The Approving Officer may waive this requirement, where it is not reasonable for the applicant to provide a guarantor and where the applicant can provide evidence of a suitable personal asset that can be secured against the loan.
    5. Renegotiating loan
    When special circumstances change a student's financial situation after the loan is made, the repayment schedule may be renegotiated and approved by an Approving Officer, having regard to the same policy principles that apply to the original loan. The renegotiated schedule must be signed by the student and the Approving Officer, and forms part of the Loan Agreement.
    6. Confidentiality
    Documentation for all loans (whether approved or not) is retained on an individual student file for each student, and is subject to the University's Privacy Policy.
    1. Application
    a) Complete the Student Loan Fund Application form available from Financial Aids Office and      lodge with any relevant supporting documentation.

         Supporting documentation may include:
  • copies of permanent address for the previous three months
  • copies of Cambodian ID card
  • invoices (where relevant)
  • quotes (where relevant).
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    b) Arrange an interview with an Approval Officer.
    c) Discuss the proposed loan with the Approval Officer, and develop an agreed schedule of     loan repayments
    2. Guarantor
    Arrange for the guarantor to complete the Guarantor Form (only if the Approval Officer advises that a guarantor is required).
    3. Finalising loan
    If the loan is approved, visit the Accounting Officers on the day designated by the Loan Officer          with:
  • personal identification
  • the completed Guarantor Form

    • to sign the Loan Agreement and collect the loan.
    4. Repaying loan
  • Ensure that regular loan repayments are made in accord with the loan repayment schedule in the signed Loan Agreement.
  • Payments may be made at any division (KLT or PCU Accounting Officers) of Panha Chiet directly or into the University's bank account
  • Failure to repay the loan within one month of the times specified in the loan repayment schedule may result in denial of graduation.
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