Repayment Options Sample Clauses

Repayment Options. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made unless a longer period is agreed to by the employee and the University. The payroll deduction to repay the overpayment will not exceed five percent (5%) of the employee’s disposable earnings in a pay period. However, the University and employee can agree to an amount that is more than the five percent (5%). The employee has the following options for paying back the overpayment: o Wage deduction o Cash o Check
AutoNDA by SimpleDocs
Repayment Options. The Household as indicated by their signature(s) below has agreed to the following repayment option. (Please check the appropriate box):
Repayment Options. At the time of each Advance under an EquipmentLine. Borrower shall choose between the following two interest rate/loan repayment options, or in lieu of an Advance, may choose an Equipment Lease. In each instance, the amount available under this Credit shall be reduced by the amount of the Advance or Equipment Lease. If this credit is granted under a Capital Access Program, then the lease option does not apply.
Repayment Options. Contact the school for more information about repayment options. If you pay off the loan early, you will not have to pay a penalty. You may be entitled to a rebate of any unearned finance charge.
Repayment Options. I acknowledge that, to the extent permitted by applicable law, I may choose either the Fixed $25 Payment Option, the Fixed $100 Payment Option, the Interest Only Option, the Full Principal and Interest Option or the Full Deferment Option disclosed to me in the Application. The Repayment Option I choose will determine when the Principal Repayment Period under the Loan will commence. I understand that my choice of the Repayment Option will be made when I accept the terms of a Loan disclosed to me in the Approval Disclosure Statement and that my acceptance must be communicated to you in accordance with the instructions contained in the Approval Disclosure Statement. I may not change the Repayment Option under this Note after I have chosen it. I understand that applicable law may limit the Repayment Options available to me.
Repayment Options a. ☒ Loans are repaid through payroll withholding i ☒ Participants may also make payments by other means specified in the loan agreement
Repayment Options. Net.RepaySM is an online student loan xxxx presentment and payment service. Borrowers receive an e-mail reminder when their monthly xxxx is available for viewing. After viewing, clicking on the “Pay” button will automatically debit the user’s specified bank account to cover their monthly loan payment. Xxxxxx Mae offers several graduated and reduced payment options to make payments more affordable. Eligibility for a graduated repayment plan is dependent on loan type, interest rate and repayment time remaining. The Standard Repayment option provides Xxxxxxxx, PLUS and private loan customers with the lowest total loan cost. This option requires payments of principal and interest due each month. The Grad ChoiceSM option is a graduated repayment plan that allows customers to make reduced payments for two, three or four years. Payments may be as low as interest only and increase to standard payments of principal and interest for the remaining repayment terms. Payments under a Grad Choice option in some cases can be more than 60% lower during the reduced payment period than payments made under the Standard Repayment option. This repayment option is available to Xxxxxxxx and PLUS loan customers. The Select StepSM option is a graduated repayment plan that allows borrowers to make interest-only payments for up to four years followed by standard payments of principal and interest for the remaining repayment term. This repayment option is available to Xxxxxxxx, PLUS and private loan customers. The FLEX REPAYSM option – offered exclusively by Xxxxxx Mae – makes payments more affordable for Xxxxxxxx and PLUS customers by extending student loan repayment and minimizing total loan costs as compared with loan consolidation. With Flex Repay, eligible customers receive lower payments for up to four years. If payment relief is still needed, principal and interest payments can gradually be increased for up to five years through reduced payment forbearance. Standard principal and interest payments follow for the remaining repayment term. The Income-Sensitive Repayment option offers payments that are based on a percentage of the borrower’s monthly gross income. The minimum payment amount must cover the monthly interest accrual. The borrower must reapply every year and payments are adjusted annually to reflect any changes in the borrower’s income. This program is open to Xxxxxxxx, PLUS and consolidation loan customers.
AutoNDA by SimpleDocs
Repayment Options. Contact the school for more information about repayment options. If you pay off the loan early, you will not have to pay a penalty. You may be entitled to a rebate of any unearned finance charge. See your contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date and prepayment refund and penalties. BORROWER: CREDITOR: FINAL DISCLOSURE FORM Sample Sample Sample Sample Colorado Springs, CO 80919 NEW HORIZONS COMPUTER LE 0000 XX XXXXXXX PARKWAY SUI JACKSONVILLE, FL 32256 You have a right to cancel this transaction, without penalty, by midnight on January 30, 2023 . No funds will be disbursed to you or to your school until this time. You may cancel by notifying the school. .
Repayment Options. The employee will have the option to repay the overpayment over a period of time equal to the number of pay periods during which the overpayment was made unless a longer period is agreed to by the employee and the University. The payroll deduction to repay the overpayment will not exceed five percent (5%) of the employee’s disposable earnings in a pay period. However, the University and employee can agree to an amount that is more than the five percent (5%). The employee has the following options for paying back the overpayment: Wage deduction Cash Check If the employee fails to choose one of the three (3) options described above, within the timeframe specified in the University’s written notice of overpayment, the University will deduct the overpayment owed from the employee’s wages. This overpayment recovery will take place over a period of time equal to the number of pay periods during which the overpayment was made. Any overpayment amount still outstanding at separation of employment will be deducted from the employee’s final paycheck. Appeal Rights Any dispute concerning the occurrence or amount of the overpayment will be resolved through the grievance procedure in ARTICLE 15 of this Agreement. Assignment Pay Provisions Assignment pay is a premium added to base salary and is intended to be used only as long as the skills, duties, or circumstances it is based on are in effect. The University may grant assignment pay to a position to recognize specialized skill, assigned duties, and/or unique circumstances that exceed the ordinary. The University determines which positions qualify for the premium. Deferred Compensation The University agrees to provide employees covered by this Agreement the option to participate in the deferred compensation program established by law. Dependent Care Salary Reduction Plan The University agrees to maintain the current dependent care salary reduction plan that allows eligible employees, covered by this agreement, the option to participate in a dependent care reimbursement program for work-related dependent care expenses on a pretax basis as permitted by Federal tax law or regulation. Pretax Health Care Premiums The University agrees to provide eligible employees with the option to pay for the employee’s portion of health premiums on a pretax basis as permitted by Federal tax law or regulation. Medical/Dental Expense Account The University agrees to allow eligible employees, covered by this Agreement, to participate in a me...
Repayment Options. Contact the school for more information about repayment options. If you pay off the loan early, you will not have to pay a penalty. You may be entitled to a rebate of any unearned finance charge. See your contract documents for any additional information about nonpayment, default, any required repayment in full before the scheduled date and prepayment refund and penalties. . . No funds will be disbursed to you or to your school until this time. You may cancel by notifying the school. You have a right to cancel this transaction, without penalty, by midnight on TJEa1n8u0ary 30, 2023 RIGHT TO CANCEL FINAL DISCLOSURE FORM BORROWER: CREDITOR: Sample Sample Sample Sample Colorado Springs, CO 80919 NEW HORIZONS COMPUTER LE 0000 XX XXXXXXX PARKWAY SUI JACKSONVILLE, FL 32256 Loan Rates & Estimated Total Costs Total Loan Amount INTEREST RATE FINANCE CHARGE Total of Payments $10,200.00 0.00% for 6 months 4.00% for 120 months $2,064.00 $12,264.00 The total amount you are borrowing Your current interest rate The estimated dollar amount the credit will cost you. The estimated amount you will have paid when you have made all payments. ITEMIZATION OF AMOUNT FINANCED ABOUT YOUR INTEREST RATE Amount paid to you $0.00 Amount paid to others on your behalf NEW HORIZONS COMPUTER LEARNING CENTERS + $10,200.00 Amount Financed $0.00 = $10,200.00 Initial finance charges (total) + $0.00 Total Loan Amount = $10,200.00 Your rate is fixed. This means that your rate for your first 6 months is 0.00 % and will not change during that time. Your rate for the remaining 120 months is 4.00 % and will not change during this time. * Your Annual Percentage Rate (APR) is 3.61%. The APR is typically different than the Interest Rate since it considers fees, if any, and reflects the cost of your loan as a yearly rate. For more information about the APR, see Reference Notes. Fees
Time is Money Join Law Insider Premium to draft better contracts faster.