Loan Forbearance and Interest Payments. Member is eligible to have the repayment of certain student loans postponed during their term of service. Member must request forbearance from their loan holders with the National Service Forbearance Request Form. The National Service Trust does not grant forbearances; the loan holders do. Individuals whose loans are in current default status are not eligible for this benefit. If member has received forbearance on a qualified student loan during the term of service, upon completion, the National Service Trust will repay a portion or all of the interest that accrued on the loan during the term of service. However, if member leaves for non-compelling reasons, even if the loan was in forbearance, the Trust will not pay the interest. The interest paid will be taxed as income. Public Service Loan Forgiveness (PSLF) and Income-Based Repayment (IBR) As an alternative to putting qualified student loans into forbearance, members serving a fulltime AmeriCorps position may be eligible to count the regular student loan payments made during their service toward the PSLF program. Member may elect to participate in the IBR plan in order to make their loan payments more affordable during service. Under IBR, loan payments may be as low as $0 per month. Additionally, loan payments made using the Xxxxx Education Award may count toward PSLF, even if the loan(s) are put into deferment or forbearance during service. The PSLF program allows an exception for AmeriCorps alums to make a lump sum payment using the AmeriCorps Xxxxx Education Award and receive credit for up to 12 qualifying payments for PSLF. The number of payments for which a member will receive credit is determined by dividing the amount of the lump sum payment by the scheduled full monthly payment amount, (but members may not receive credit for more than 12 monthly payments toward the PSLF payment requirement). See xxxx://xxx.xxxxxxxxxxxxxxx.xxx/pdf/08_1210_ccraa_faqs.pdf for additional reference.
Appears in 2 contracts
Samples: Service Agreement, Service Agreement
Loan Forbearance and Interest Payments. Member The member is eligible to have the repayment of certain student loans postponed during their term of service. Member Members must request forbearance from their loan holders with the National Service Forbearance Request Form. The National Service Trust does not grant forbearances; the loan holders do. Individuals Members whose loans are in current default status are not eligible for this benefit. If the member has received forbearance on a qualified student loan during the term of service, upon completion, the National Service Trust will repay a portion or all of the interest that accrued on the loan during the term of service. However, if the member leaves for non-compelling reasons, even if the loan was in forbearance, the Trust will not pay the interest. The interest paid will be taxed as income. Public Service Loan Forgiveness (PSLF) and Income-Based Repayment (IBR) As an alternative to putting qualified student loans into forbearance, members serving a fulltime AmeriCorps position may be eligible to count the regular student loan payments made during their service toward the PSLF program. Member Members may elect to participate in the IBR plan in order to make their loan payments more affordable during service. Under IBR, loan payments may be as low as $0 per month. Additionally, loan payments made using the Xxxxx Education Award may count toward PSLF, even if the loan(s) are put into deferment or forbearance during service. The PSLF program allows an exception for AmeriCorps alums to make a lump sum payment using the AmeriCorps Xxxxx Education Award and receive credit for up to 12 qualifying payments for PSLF. The number of payments for which a member will receive credit is determined by dividing the amount of the lump sum payment by the scheduled full monthly payment amount, (but members may not receive credit for more than 12 monthly payments toward the PSLF payment requirement). See xxxx://xxx.xxxxxxxxxxxxxxx.xxx/pdf/08_1210_ccraa_faqs.pdf for additional reference. Upon successful completion of the member’s term of service, the member will receive an education award from the National Service Trust. Prior to using the education award, the member agrees (in the event the member has not yet received a high school diploma or its equivalent including an alternative diploma or certificate for individuals with learning disabilities) to obtain a high school diploma or its equivalent. The member understands that his/her failure to disclose to the program any history of having been released for cause from any other AmeriCorps program will render the member ineligible to receive the education award. If the member has received forbearance on a qualified student loan during the term of service, the National Service Trust will repay a portion or all of the interest that accrued on the loan during the term of service. The member is responsible for scheduling days off with the host-site supervisor and should provide a minimum of two weeks notice before asking for any personal days. Vacation, holidays and sick time does not count toward hours needed to complete your service. The member will not be required to serve on observed holidays at the host-site. Code of Conduct The member is expected, while acting in an official capacity as an AmeriCorps member, to at all times: Demonstrate mutual respect toward others. Direct concerns, problems, and suggestions to host-site supervisor. Follow all policies and procedures of the host-site organization While charging time to AmeriCorps program, accumulating service or training hours, or otherwise performing activities supported by the AmeriCorps program or the Corporation, staff and members may not engage in the prohibited activities listed in Attachment A. Volunteers recruited and/or managed by AmeriCorps members may not engage in the listed prohibited activities. Members are responsible for reporting, to the Program Director, any request to perform activities listed under Nonduplication/Nondisplacement in Attachment A. At no time may the member: Engage in any activity that is illegal under local, state, or federal law. Engage in activities that pose a significant safety risk to others. The member understands that the following behaviors, but not limited to, constitute a violation of the program’s rule of conduct: Unauthorized tardiness. Unauthorized absences. (Members may be excused for illness but are still required to notify the host-site supervisor as soon as possible before scheduled hours. If a member is absent because of illness for three consecutive days, a written excuse from a medical doctor is required.) Repeated use of inappropriate language (i.e. profanity) at a service site. Engaging in activity that may physically or emotionally damage other members of the program or people in the community. Possessing or using any illegal drugs during the term of service. Being under the influence of alcohol or any illegal drugs during the performance of service activities. Failure to notify the program of any criminal arrest or conviction that occurs during the term of service. For violating the above stated rules in Section VI, and failing to meet the standards of behavior and work as expressed above and by the member’s supervisor, the member may be terminated. The member will be notified of his/her inability to meet these standards in the following ways:
Appears in 1 contract
Samples: Member Service Agreement
Loan Forbearance and Interest Payments. Member The member is eligible to have the repayment of certain student loans postponed during their term of service. Member Members must request forbearance from their loan holders with the National Service Forbearance Request Form. The National Service Trust does not grant forbearances; the loan holders do. Individuals Members whose loans are in current default status are not eligible for this benefit. If the member has received forbearance on a qualified student loan during the term of service, upon completion, the National Service Trust will repay a portion or all of the interest that accrued on the loan during the term of service. However, if the member leaves for non-compelling reasons, even if the loan was in forbearance, the Trust will not pay the interest. The interest paid will be taxed as income. Public Service Loan Forgiveness (PSLF) and Income-Based Repayment (IBR) As an alternative to putting qualified student loans into forbearance, members serving a fulltime AmeriCorps position may be eligible to count the regular student loan payments made during their service toward the PSLF program. Member Members may elect to participate in the IBR plan in order to make their loan payments more affordable during service. Under IBR, loan payments may be as low as $0 per month. Additionally, loan payments made using the Xxxxx Education Award may count toward PSLF, even if the loan(s) are put into deferment or forbearance during service. The PSLF program allows an exception for AmeriCorps alums to make a lump sum payment using the AmeriCorps Xxxxx Education Award and receive credit for up to 12 qualifying payments for PSLF. The number of payments for which a member will receive credit is determined by dividing the amount of the lump sum payment by the scheduled full monthly payment amount, (but members may not receive credit for more than 12 monthly payments toward the PSLF payment requirement). See xxxx://xxx.xxxxxxxxxxxxxxx.xxx/pdf/08_1210_ccraa_faqs.pdf for additional reference.
Appears in 1 contract
Samples: Member Service Agreement
Loan Forbearance and Interest Payments. Member The member is eligible to have the repayment of certain student loans postponed during their term of service. Member Members must request forbearance from their loan holders with the National Service Forbearance Request Form. The National Service Trust does not grant forbearances; the loan holders do. Individuals Members whose loans are in current default status are not eligible for this benefit. If the member has received forbearance on a qualified student loan during the term of service, upon completion, the National Service Trust will repay a portion or all of the interest that accrued on the loan during the term of service. However, if the member leaves for non-compelling reasons, even if the loan was in forbearance, the Trust will not pay the interest. The interest paid will be taxed as income. Public Service Loan Forgiveness (PSLF) and Income-Based Repayment (IBR) As an alternative to putting qualified student loans into forbearance, members serving a fulltime three-quarter time AmeriCorps position may be eligible to count the regular student loan payments made during their service toward the PSLF program. Member Members may elect to participate in the IBR plan in order to make their loan payments more affordable during service. Under IBR, loan payments may be as low as $0 per month. Additionally, loan payments made using the Xxxxx Education Award may count toward PSLF, even if the loan(s) are put into deferment or forbearance during service. The PSLF program allows an exception for AmeriCorps alums to make a lump sum payment using the AmeriCorps Xxxxx Education Award and receive credit for up to 12 qualifying payments for PSLF. The number of payments for which a member will receive credit is determined by dividing the amount of the lump sum payment by the scheduled full monthly payment amount, (but members may not receive credit for more than 12 monthly payments toward the PSLF payment requirement). See xxxx://xxx.xxxxxxxxxxxxxxx.xxx/pdf/08_1210_ccraa_faqs.pdf for additional reference. Upon successful completion of the member’s term of service, the member will receive an education award from the National Service Trust. Prior to using the education award, the member agrees (in the event the member has not yet received a high school diploma or its equivalent including an alternative diploma or certificate for individuals with learning disabilities) to obtain a high school diploma or its equivalent. The member understands that their failure to disclose to the program any history of having been released for cause from any other AmeriCorps program will render the member ineligible to receive the education award. If the member has received forbearance on a qualified student loan during the term of service, the National Service Trust will repay a portion or all of the interest that accrued on the loan during the term of service. The member is responsible for scheduling days off with the host-site supervisor and should provide a minimum of two weeks’ notice before asking for any personal days. Vacation, holidays and sick time does not count toward hours needed to complete your service. The member will not be required to serve on observed holidays at the host-site. Code of Conduct The member is expected, while acting in an official capacity as an AmeriCorps member, to at all times: Demonstrate mutual respect toward others. Direct concerns, problems, and suggestions to host-site supervisor. Follow all policies and procedures of the host-site organization While charging time to AmeriCorps program, accumulating service or training hours, or otherwise performing activities supported by the AmeriCorps program or the Corporation, staff and members may not engage in the prohibited activities listed in Attachment A. Volunteers recruited and/or managed by AmeriCorps members may not engage in the listed prohibited activities. Members are responsible for reporting, to the Program Staff, any request to perform activities listed under Nonduplication/ Nondisplacement in Attachment A. At no time may the member: Engage in any activity that is illegal under local, state, or federal law. Engage in activities that pose a significant safety risk to others. The member understands that the following behaviors, but not limited to, constitute a violation of the program’s rule of conduct: Unauthorized tardiness. Unauthorized absences. (Members may be excused for illness but are still required to notify the host-site supervisor as soon as possible before scheduled hours. If a member is absent because of illness for three consecutive days, a written excuse from a medical doctor is required.) Repeated use of inappropriate language (i.e. profanity) at a service site. Engaging in activity that may physically or emotionally damage other members of the program or people in the community. Possessing or using any illegal drugs during the term of service. Being under the influence of alcohol or any illegal drugs during the performance of service activities. Failure to notify the program of any criminal arrest or conviction that occurs during the term of service. For violating the above stated rules in Section VI, and failing to meet the standards of behavior and service as expressed above and by the member’s supervisor, the member may be terminated. The member will be notified of their inability to meet these standards in the following ways:
Appears in 1 contract
Samples: H Member Service Agreement
