PRINT DISCLAIMER: Official version of this document is accessible in the online policy library at https://policyoffice.ku.edu/. Printed copies may not reflect the most recent updates.
DOCUMENT TYPE:
Policy
PURPOSE:
Provide KU faculty and staff information on KU Payroll Endowment Loans.
APPLIES TO:
All faculty and staff employed by the University of Kansas.
CAMPUS:
Lawrence
POLICY STATEMENT:
In the event that an employee would miss their regularly scheduled paycheck due to an administrative error out of their control, the KU Endowment Association will grant a payroll loan. The loan will not exceed 60% of the gross wages due to the employee for that specific paycheck.
The Payroll office is the only authorized department at the University who may initiate and sign for a payroll endowment loan. Loans will not be granted in cases where the employee themselves caused the delay due to untimely submission of documents, such as late timesheets.
CONTACT:
Financial Services - Payroll
payroll@ku.edu
785-864-4385
APPROVED BY:
Controller
APPROVED ON:
2009-07-22
EFFECTIVE ON:
2009-07-23
REVIEW CYCLE:
Annual (As Needed)
CHANGE HISTORY:
03/28/2025: Migration to TeamDynamix from Drupal.
02/17/2023: Updated contact section.
06/02/2022: Updated to remove KU Endowment Loan form.
04/15/2021: Updated Contact, Approver, and owning unit sections from Comptroller to Financial Services.
01/30/2015: Uploaded policy to the Policy Library.