Common use of STUDENT LOAN REPAYMENT INCENTIVE Clause in Contracts

STUDENT LOAN REPAYMENT INCENTIVE. ‌ Any teacher hired at step one, two, or three with a start date no earlier than the beginning of the 2014-2015 school year, may participate in a voluntary student loan repayment incentive program. To enroll in this program, the teacher must agree to work for the District for a minimum of five years from the date of original hire. Upon enrollment, the teacher shall be eligible to receive $1,000 per year towards repayment of that teacher’s student loans for the first five years of employment. Payment shall be made during the last pay period of the school year. Should the teacher reject a contract for the ensuing school year, such that the teacher would fail to fulfill his/her commitment (5 years), the teacher shall forfeit the payment otherwise due in the last year of employment. Notwithstanding, teachers who leave employment involuntarily or who must relocate due to pressing family circumstances shall have no forfeiture imposed.

STUDENT LOAN REPAYMENT INCENTIVE. ‌ Any teacher hired at step one, two, or three with a start date no earlier than the beginning of the 2014-2014- 2015 school year, may participate in a voluntary student loan repayment incentive program. To enroll in this program, the teacher must agree to work for the District for a minimum of five years from the date of original hire. Upon enrollment, the teacher shall be eligible to receive $1,000 per year towards repayment of that teacher’s student loans for the first five years of employment. Payment shall be made during the last pay period of the school year. Should the teacher reject a contract for the ensuing school year, such that the teacher would fail to fulfill his/her commitment (5 years), the teacher shall forfeit the payment otherwise due in the last year of employment. Notwithstanding, teachers who leave employment involuntarily or who must relocate due to pressing family circumstances shall have no forfeiture imposed.

STUDENT LOAN REPAYMENT INCENTIVE. ‌ Any teacher hired at step one, two, or three with a start date no earlier than the beginning of the 2014-2015 school year, may participate in a voluntary student loan repayment incentive program. To enroll in this program, the teacher must agree to work for the District for a minimum of five years from the date of original hire. Upon enrollment, the teacher shall be eligible to receive $1,000 1000.00 per year towards repayment of that teacher’s student loans for the first five years of employment. Payment shall be made during the last pay period of the school year. Should the teacher reject a contract for the ensuing school year, year such that the teacher would fail to fulfill his/her commitment (5 years), the teacher shall forfeit the payment otherwise due in the last year of employment. Notwithstanding, teachers who leave employment involuntarily or who must relocate due to pressing family circumstances shall have no forfeiture imposed.