Schools to Offer Budget Impasse Loans to Members
Zero-interest, short-term loans are available to existing members who are not receiving ordinary paychecks due to the budget impasse.
To make up for lost wages, Schools members can continue to meet their financial needs by obtaining a zero-interest, short-term loan without credit qualification.1 Existing members who have received a direct deposit of their net pay check prior to the current year budget impasse can take advantage of this loan.
In addition, extensions of loan payments are available for existing members with a Schools loan whose loss of income has resulted from the budget impasse.2
For questions or more information about our Budget Impasse Loans, please call 916-569-5400 (Sacramento area) or 800-962-0990.
1 The full amount advanced will be due within 30 days from the date the government resumes payments. Standard loan terms and rates will go into effect if the full
amount is not repaid as required. See a Schools representative for maximum advance limits.
2 Subject to terms and conditions.