Common use of Forgiveness Clause in Contracts

Forgiveness. The Scholarship Loan and any interest will be forgiven when the Recipient fulfills each of the following: A. completes all licensure program coursework at a SC-CREATE participating IHE; B. achieves a passing score on exam(s) associated with SCDE licensure (for special education teachers) or national certification (for board certified behavior analysts and speech-language pathologists) within two years of program completion; and C. returns three years of service (See Section 1, Item E) in a program commensurate with the newly obtained licensure area in a South Carolina K–12 public school or state-operated program within the five-year period following completion of the licensure program, pursuant to SCDE document, Required Credentials for Professional Staff Members in the Instructional Programs of South Carolina’s Public Schools.

Appears in 6 contracts

Samples: Scholarship Loan Agreement, Scholarship Loan Agreement, Scholarship Loan Agreement

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