What is the technology purchase program?
The program is limited to full-time faculty, staff, and administrators and is only for the purchase of qualified computer equipment purchases as described further below. This is a reimbursement program; the interest-free loans will only be made after the purchase has been made. - The loan must be repaid via automatic payroll deduction. Employees are permitted to have no more than three different loans outstanding at one time.
- The maximum amount of the three loans combined may not exceed three thousand dollars. There will not be any penalties for early repayment, however the payment period cannot be extended after the loan is made.
- The University's standard promissory note must be completed each time a new loan in taken out by the person receiving the loan. The promissory note will be filled out when the check is ready for pick up in Student Administrative Services, Maryland Hall, Room 140.
- Technology Services must first certify that the computer equipment being purchased qualifies for the program. To apply for loan approval, the application form must be completed and forwarded to the Office of Technology Support for approval. Copies of receipts detailing the items purchased for which loan funds are requested must accompany the application form which can be accessed from the Technology Services and Student Administrative Services web pages.
- Once Technology Services certifies the purchase as qualifying for the loan, the employee must forward the signed application to Student Administrative Services in order to have a check issued in the amount approved. Reimbursement checks will require at least one week for processing. Student Administrative Services will contact the loan recipient when the check is available. The check will be issued once the promissory note is completed.
- If the employee leaves Loyola, there will be a 30 day grace period in which to pay off the balance of the loan. After the 30 days a $100 administrative fee will be assessed and the employee will have 12 months to repay the outstanding portion of the loan.
Am I eligible to purchase a new computer using the technology purchase program? How do I apply?
The program is limited to full-time faculty, staff, and administrators and is only for the purchase of qualified computer equipment purchases. What products are eligible for the technology purchase program?
Qualified Purchases: - IBM or compatible computers
- Apple computers
- PDA or CE devices
- Scanners
- Printers
- Monitors
- Storage device (Zip Drive, CD-Rom, Backup Devices etc)
- Computer Software
- Digital Camera, Digital Video Camera.
- motherboards
- video cards
- hard drives
Non-Qualifying Purchases: - Analog Video Camera
- Computer Toys (Game Boy etc.)
- Computer Game Software.
Apple Educational Discount
Apple offers discounts to Loyola faculty, staff, and students on Apple computers, certain Apple accessories such as Airports and Time Capsules, and some Apple software. Discounts are typically around 5% to 10% off the retail price. Discounts can be obtained by going to a brick and mortar Apple Store (the one nearest to Loyola is located in the Towson Commons mall) and presenting your Loyola ID and a valid driver's license. The educational discount can also be used online by going to Apple's Online Store for Education, selecting "I am a college student, faculty, administrator, or staff member", clicking on select your college, selecting Loyola, and signing in with you Active Directory username and password. Educational discounts on Apple purchases are typically limited to one per year per product category.
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