Student Loan Assistance Sample Clauses

Student Loan Assistance. The Organization will implement a Student Loan Assistance Program, either administered directly by the Organization or using a third-party service provider. To take advantage of this benefit, an employee must be a full-time employee in good standing and have been employed by the Organization for ninety (90) days. Employees will be notified of this program as part of their onboarding and then again after being employed for 90 days. Proof of a student loan to repay will be required at the time of enrollment in the program and then annually thereafter. The loan must be in the employee’s name. The program only covers loans from formal lending institutions. Personal loans from family and friends who may have loaned an employee money towards tuition payment are not eligible. The Organization will pay up to $100 monthly to an employee, or to the employee’s loan provider, in furtherance of employee’s student loan obligations. An employee’s failure to make required payments to student loans will disqualify an employee from the program. Participants must fill out a Student Loan Assistance Enrollment Form and provide copies of the formal loan documents to the Human Resource Department. Loan repayments will be provided in the employee semi-monthly paychecks unless provided directly to the loan provider. This is a taxable benefit to the employee and will count towards an employee’s gross annual W2 wages.
Sample 1
AutoNDA by SimpleDocs
Student Loan Assistance. ‌ The Organization will continue its Student Loan Assistance Program. To take advantage of this benefit, an employee must be a regular employee in good standing and have been employed by the Organization for ninety (90) days. Proof of a student loan to repay will be required at the time of enrollment in the program and then annually thereafter. The loan must be in the employee’s name. The program only covers loans from formal lending institutions. Personal loans from family and friends who may have loaned an employee money towards tuition payment are not eligible. The Organization will pay up to $250 monthly to an employee in furtherance of employee’s student loan obligations. Employees must then use these funds to make a monthly payment to their loan servicer(s). Failure to make required payments to student loans will disqualify an employee from the program. Participants must fill out a Student Loan Assistance Enrollment Form and provide copies of the formal loan documents to the Human Resources Department. Loan repayments will be incorporated into employee semi-monthly paychecks. This is a taxable benefit to the employee and will count towards an employee’s gross annual W2 wages.
Sample 1
Student Loan Assistance. The District shall offer a student loan assistance program. A maximum of twelve (12) teachers per year shall be permitted to enter this program. To be eligible for assistance, a member must meet the following criteria: 1. Employed by the District for a minimum of two (2) full years. 2. Employed in a position listed on the District’s most recent “Hard to Fill” list for at least one (1) of the past two (2) years of service. OR 3. The loan must have been obtained during a teacher’s initial course of study to obtain teacher licensure. 4. The loan must not be eligible for a Federal loan forgiveness program. Disbursement shall occur as follows: 1. Each member shall be entitled to up to $5,000 of loan assistance. 2. Funds shall be distributed to members in $1,000 increments per year for up to five (5) years, which may or may not be consecutive upon request of the member. 3. Members must submit their paperwork for assistance by October 1st of each year. 4. Funds shall be distributed to recipients by December 1st of each year. 5. A selection committee comprised of District and CFT representatives shall review each request to ensure they meet eligibility requirements and to determine which requests will be granted in the 6. Distributions may be taxable to members and shall be reported in accordance with IRS guidance.
Sample 1
Student Loan Assistance. The Organization will create a Student Loan Assistance Program. To take advantage of this benefit, an employee must be a regular full-time employee in good standing and have completed their probationary period. Proof of a student loan to repay will be required at the time of enrollment in the program and then annually or at such shorter intervals as required for compliance purposes thereafter. The loan must be in the employee’s name. The program only covers loans from formal lending institutions. Personal loans from family and friends who may have loaned an employee money towards tuition payment are not eligible. The Organization will pay up to $125.00 monthly on behalf of an employee in furtherance of employee’s student loan obligations. Participants must fill out a Student Loan Assistance Enrollment Form and provide copies of the formal loan documents to the COO. The Student Loan Assistance Program will be treated per Internal Revenue Service (“IRS”) regulations and other applicable law and eligible employees are responsible for complying with applicable law, and requirements of the plan administrator.
Sample 1
Student Loan Assistance. The District shall offer a student loan assistance program. A maximum of twelve (12) teachers per year shall be permitted to enter this program. To be eligible for assistance, a member must meet the following criteria: 1. Employed by the District for a minimum of two (2) full years. 2. Employed in a position listed on the District’s most recent “Hard to Fill” list for at least one (1) of the past two (2) years of service. OR Employed at a campus serving a minimum of 55% Low Income Students (as listed on the Illinois School Report Card) for at least one (1) of the past two (2) years of service. 3. The loan must have been obtained during a teacher’s initial course of study to obtain teacher licensure. 4. The loan must not be eligible for a Federal loan forgiveness program. Disbursement shall occur as follows: 1. Each member shall be entitled to up to $5,000 of loan assistance. 2. Funds shall be distributed to members in $1,000 increments per year for up to five (5) years, which may or may not be consecutive upon request of the member. 3. Members must submit their paperwork for assistance by October 1st of each year. 4. Funds shall be distributed to recipients by December 1st of each year. 5. A selection committee comprised of District and CFT representatives shall review each request to ensure they meet eligibility requirements and to determine which requests will be granted in the event more than twelve (12) are received in a given school year. 6. Distributions may be taxable to members and shall be reported in accordance with IRS guidance. Members who resign or are terminated from Champaign Unit 4 Schools prior to completing two (2) years of service after the most recent disbursement of funds will be required to repay $1,000 to the District. (For example, if an employee receives $1,000 during the 2021-2022 school year and ends employment prior to the end of the 2023-2024 school year, the employee will need to repay $1,000.) By participating in the program, members consent to the District withholding all or part of their final paychecks to fulfill all or part of this obligation. If the final paycheck does not cover the entire cost of repayment, members agree to arrange for prompt repayment of any remaining balance.
Sample 1
Student Loan Assistance. The Organization will continue its Student Loan Assistance Program. To take advantage of this benefit, an employee must be a regular full-time employee in good standing and have been employed by the Organization for ninety (90) days. Proof of a student loan to repay will be required at the time of enrollment in the program and then annually thereafter. The loan must be in the employee’s name. The program only covers loans from formal lending institutions. Personal loans from family and friends who may have loaned an employee money towards tuition payment are not eligible. The Organization will pay up to $200.00 monthly to an employee in furtherance of employee’s student loan obligations. Employees must then make a monthly payment to their loan servicer(s) of equal or greater value to the Organization’s monthly payment to the employee. Failure to make required payments to student loans will disqualify an employee from the program. Participants must fill out a Student Loan Assistance Enrollment Form and provide copies of the formal loan documents to the Human Resources Department. Loan repayments will be incorporated into employee semi-monthly paychecks. This is a taxable benefit to the employee and will count towards an employee’s gross annual W2 wages.
Sample 1
Student Loan Assistance. The Employer and the Union recognize that student loan debt is a significant burden to staff as student loans have been becoming increasingly complex, and options for repayment are confusing to many. The joint goal of MPA and the Union is to enable staff to participate in the Public Service Loan Forgiveness (PSLF) program that allows for all direct federal student loans to be forgiven, tax-free after 10 years and 120 payments. It’s also understood that some MPA staff members are seeking to be enrolled in an income- driven repayment plan to reduce their monthly payments until their debt is forgiven. MPA will support staff in management of their student debt by making sure they have support, documentation and expert counseling. MPA will also provide support if the PSLF changes, is augmented or replaced by another succeeding or similar loan forgiveness program. MPA will assist staff in the following steps:
Sample 1
AutoNDA by SimpleDocs

Related to Student Loan Assistance

  • STUDENT TRANSPORTATION

  • Tuition Assistance Bargaining unit employees can enroll in university or college, vocational technical school or extension courses. The course may be by correspondence or attendance at classes during non-working hours or during working hours with approval of the Agency Head and/or his/her Designee. Where practicable, in relation to work requirements, the Employer shall be liberal with the approval of requests for accrued/unused vacation leave, flex-time scheduling, compensatory time, or leave without pay for the purpose of enabling employees to attend classes conducted during an employee's regularly scheduled work hours.

  • MORTGAGE LOAN ORIGINATOR EDUCATION 1. Prior to the submission of a new application for any new mortgage loan originator license or, as applicable, the filing of a petition for the reinstatement of an MLO Activity Endorsement in any Participating State as provided for in Section II, Paragraph 2 of this Order, the Respondent will be required to complete the following mortgage loan originator education requirements: a. Twenty hours of NMLS approved PE, which shall consist of 14 hours of federal law curriculum, three hours of ethics curriculum, and three hours of non-traditional mortgage lending curriculum. None of these 20 hours of PE may be state-specific curriculum; and b. Eight hours of CE, which shall consist of four hours of federal law curriculum, two hours of ethics curriculum, and two hours of non-traditional mortgage lending curriculum. None of these eight hours of CE may be state-specific curriculum. 2. Respondent may not take any of the PE or CE provided for in Paragraph 1 of this Section in an online self-study format (“OSS”). 3. For a period three years from the Effective Date of this Order, Respondent shall be required to complete any additional required PE and/or CE in a format other than OSS.

  • Educational Assistance Section 1. Tuition reimbursement shall be provided to employees covered by this collective bargaining AGREEMENT under the same terms and conditions, policies and procedures as the rest of Hennepin County and reflecting a county–wide pool for funding. See Hennepin County Tuition Reimbursement Policy Frequently Asked Questions Section 2. Where courses are required and certified by the appointing authority as essential to current job performance, such appointing authority shall grant 100% reimbursement for tuition, required fees and required study materials. Section 3. At the request of an employee, an Individual Development Plan shall be established. Any employee making the request shall be provided with paid time to work with their Supervisor or Human Resources to develop a training plan for career development within Hennepin County. Human Resources will be a source of career information, and postings, in which the employee may have an interest. Time allotted for this activity and the training plan adopted shall be subject to mutual agreement of the Employee and Supervisor.

  • OPWC Financial Assistance Subject to the terms and conditions contained herein, the OPWC hereby agrees to provide to the Recipient financial assistance not to exceed the amount as set forth in Appendix C of this Agreement for the sole and express purpose of paying or reimbursing the costs certified to the OPWC under this Agreement for the completion of the Project (the "Funds").

  • Disbursement of Financial Assistance Unless a different disbursement method is specified in that line of Exhibit C, “Financial Assistance Award,” OHA will disburse the Part A awards for MHS 28 Services provided under a particular line of the Financial Assistance Award containing an “A” in column “Part ABC” to County in substantially equal monthly allotments during the period specified in that line of the Financial Assistance Award, subject to the following: i. OHA may, after 30 days (unless parties agree otherwise) written notice to County, reduce the monthly allotments based on under- used allotments identified through MOTS and other reports in accordance with the “Reporting Requirements” and “Special Reporting Requirements” sections above or applicable special conditions; ii. OHA may, upon written request of County, adjust monthly allotments; iii. Upon amendment to the Financial Assistance Award, OHA shall adjust monthly allotments as necessary, to reflect changes in the funds awarded for MHS 28 Services provided under that line of the Financial Assistance Award; iv. OHA is not obligated to provide financial assistance for any MHS 28 Services that are not properly reported in accordance with the “Reporting Requirements” and “Special Reporting Requirements” sections above or as required in an applicable Specialized Service Requirement by the date 60 calendar days after the earlier of expiration or termination of this Agreement; termination of OHA’s obligation to provide financial assistance for MHS 28 Services; or termination of County’s obligation to include the Program Area in which MHS 28 Services fall within its CMHP; and v. OHA will reduce the financial assistance awarded for MHS 28 Services delivered under a particular line of Exhibit C, “Financial Assistance Award,” containing an “A” in column “Part ABC,” by the amount received by a Provider of MHS 28 Services as payment of a portion of the cost of the Services from an Individual receiving such Services with funds awarded in that line of the Financial Assistance Award.

  • Transition Assistance If this Contract is not renewed at the end of this term, if the Contract is otherwise terminated before project completion, or if particular work on a project is terminated for any reason, Contractor shall provide transition assistance for a reasonable, mutually agreed period of time after the expiration or termination of this Contract or particular work under this Contract. The purpose of this assistance is to allow for the expired or terminated portion of the services to continue without interruption or adverse effect, and to facilitate the orderly transfer of such services to State or its designees. The parties agree that such transition assistance is governed by the terms and conditions of this Contract, except for those terms or conditions that do not reasonably apply to such transition assistance. State shall pay Contractor for any resources utilized in performing such transition assistance at the most current Contract rates. If State terminates a project or this Contract for cause, then State may offset the cost of paying Contractor for the additional resources Contractor utilized in providing transition assistance with any damages State may have sustained as a result of Contractor’s breach.

  • Audit Assistance Each of the Parties and their respective Subsidiaries are or may be subject to regulation and audit by a Governmental Authority (including a Taxing Authority), standards organizations, customers or other parties to contracts with such Parties or their respective Subsidiaries under applicable Law, standards or contract provisions. If a Governmental Authority, standards organization, customer or other party to a contract with a Party or its Subsidiary exercises its right to examine or audit such Party’s or its Subsidiary’s books, records, documents or accounting practices and procedures pursuant to such applicable Law, standards or contract provisions, and such examination or audit relates to the Services, then the other Party shall provide, at the sole cost and expense of the requesting Party, all assistance reasonably requested by the Party that is subject to the examination or audit in responding to such examination or audits or requests for Information, to the extent that such assistance or Information is within the reasonable control of the cooperating Party and is related to the Services.

  • Litigation Assistance Except when it would constitute a direct conflict of interest for BA, BA will make itself available to assist CE in any administrative or judicial proceeding by testifying as witness as to an alleged violation of HIPAA, the HITECH Act, the Privacy or Security Rule, or other law relating to security or privacy.

  • Legal Assistance The Board shall give full support including legal and other assistance for any assault upon the employee while properly acting in the discharge of his/her duties.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!