Student Loan Relief Program Sample Clauses

Student Loan Relief Program. AP will provide a Student Loan Relief Benefit to full-time employees carrying a heavy Student Loan burden after 6 months of full-time employment. Following are the terms of the Student Loan Relief Benefits: (a) The benefit will apply to employees with a Student Loan debt burden of $10,000 or more. (b) Eligible employees will receive up to $100 a month reimbursement for student loan payments made by the employee during the month of the reimbursement, up to a $4,000 limit during their employment. (c) Eligible employees will provide documentation of their current loan amount to initiate participation in the program. (d) Employees who receive reimbursement for student loan payments are required to submit payment documentation within 30 days of the date of their monthly student loan payment.