Sample Student Loan Repayment Program Service Agreement. Introduction. This Student Loan Repayment Program service agreement is an employment agreement between the . This agreement will continue in effect until the terms and conditions have been satisfied or funding is no longer available. Period of Service. You are required to serve (number of years; minimum of 3 years), beginning (date, i. Payroll Office following signing of the service agreement; the date that the employee enters on duty (EOD); the date the employee returns to duty from school; or at any time after EOD) and ending (date) . Loan Payments. The amount of the applicable outstanding student loan balance(s) as of (date) is $ (amount) . The amount of student loan payments that . You are still responsible for the entire loan balance(s), including any amount not paid by . Further, you will also be responsible for any tax obligations resulting from the loan payment benefits made pursuant to this agreement. The California State Loan Repayment Program (SLRP) was congressionally authorized in 1987 under the U.S. Public Health Services Act Title III, Section 3381(a)-(1) (42 U.S.C.) Section 254q-1(a)-(i). Forgiveness Programs Stafford Teacher Loan Forgiveness Program. The Stafford Teacher Loan Forgiveness Program was created by Congress to encourage individuals to enter and remain in the teaching profession. How to Use the Student Loan Repayment Program (SLRP). The military services offer the Student Loan Repayment Program as an incentive to many service members when they enlist or re-enlist. It can be difficult to take advantage. NHSC scholarship program, loan repayment. USPHS Commissioned Corps. DeOliveira-Longinetti, who co-signed on the loans, was shocked and confused. But her experience with the authority, which runs by far the largest state-based student loan program in the country, is hardly an.Loan payments by . Payments will be made approximately 2. The loan payments made on your behalf are treated as wages that are subject to income, social security, and Medicare taxes being withheld. The amount of the loan payments to each lender may be reduced by mandatory and voluntary deductions, including tax levies and garnishments. You agree to provide . You hereby represent that the payment benefits which are the subject of this service agreement will apply only to your student loan indebtedness outstanding as of the date that this service agreement is executed by you and . If payments are terminated under this paragraph, the minimum period of service - 3 years - must be completed or you will be obligated to reimburse . If payments are terminated under this paragraph, the minimum period of service - 3 years - must nevertheless be completed or you will be obligated to reimburse . You will be notified at least 9. You are required to maintain at least a fully successful or equivalent performance rating and applicable security clearance (access authorization) for the duration of this service agreement. If your performance rating falls below that level, or if your security clearance is revoked, or if you are separated involuntarily on account of misconduct, then the loan payments will be terminated immediately and you will be obligated to reimburse . However, if you separate from . If you complete the period of service hereunder and then voluntarily separate from . Accordingly, your right to placement as a surplus and/or displaced employee under the Career Transition and Assistance Program does not grant you loan repayment by the gaining . However, if you are reassigned to another . In the event that the GPA drops below (no.), . If payments are terminated under this paragraph, the minimum period of service - 3 years - must be completed, or you will be obligated to reimburse . So long as this service agreement is in effect, following each term of the school you are attending you are to provide your . The filing of such a waiver request does not stay the operation of . The request must be filed with the Chief Financial Officer of your current or former . If such a change reduces the minimum length- of- service requirement, and if existing agreements are potentially affected, . Any changes other than those required by applicable laws or regulations must be mutually agreed to in writing by the parties hereto. Back to Top. Certifications. I hereby certify that I have read and understand the terms and conditions of this agreement and have attached the necessary information on each loan for which . Providing information and signing this agreement is voluntary, but failure to provide the requested information on your loan(s) and, if applicable, course grades in order to determine your grade point average, or to sign this agreement will preclude the authorization of such payments on your behalf. It will not, however, affect your being appointed to a position offered by the . The use of the information involved with this agreement is by applicable management officials and supporting administrative staffs, payroll and accounting staffs, human resource staffs, and equal employment opportunity staffs to verify the status of your loan(s), make the payments to the appropriate note holder(s), and ensure equitable treatment. There are no additional uses that may be made of the information collected. The official copy of this agreement is maintained in your Official Personnel File, which is a category of record included in the OPM/GOVT- 1 General Personnel Records system. One copy of the information that you provide, along with a copy of this agreement will be maintained in your payroll file, which is a category of record included in . Other copies may be maintained in your.
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