Common use of Student Certification Clause in Contracts

Student Certification. I understand that the TEACH Grant program has specific service obligations that must be met in order for the award to remain as a grant. If I fail to meet all the conditions of the award or if the conditions are not documented as required, I understand that the award will permanently convert to an unsubsidized Federal Xxxxxxxx Loan and I will be responsible to repay this loan with interest calculated from the disbursement date of the grant. I understand that once a TEACH Xxxxx is converted to a loan; it cannot be converted back to a grant.