WINDOW PAYMENT Sample Clauses

WINDOW PAYMENT. Window Payment is the maximum length of time over which the student can make payments. If the ISA payments pause because the income threshold is breached, the student will have to make those payments once they are earning above the threshold. At the end of the payment window the obligation is over, provided the individual's account is in good standing, regardless of how many payments they have made. While some progress has been made, closing access, achievement, and attainment gaps between students from low and high-income families and between students of color and white students remains a significant challenge for the nation. According to recent national data, only 22% of African-Americans and 16% of Latinos over age 25 years have earned a bachelor’s degree or higher, compared with 36% of Whites and 54% of Asians in the same age group (Xxxx & Xxxxxx, 2016). Indicator Status: High Persisting Inequality: Estimated Bachelor's Degree attainment rates by age 24 were 3.9 times higher for dependent family members in the highest income quartile than for those in the lowest income quartile. In 1970, dependent family members in the highest income quartile were 6.7 times as likely as those in the lowest quartile to have a bachelor's degree by age 24. Only about 15.5% of young adults from families in the bottom income quartile earn a college degree by age 24 years, compared with about 62% of young adults in the highest income quartile (Pell Institute, & University of Pennsylvania’s Alliance for Higher Education and Democracy, 2018). Clearly, there remains much work to be done to close gaps in college access and degree attainment by race and socioeconomic status. A college degree is an essential economic mobility pathway for millions of Americans to escape poverty and ascend into the middle class. Fourth(highest) Quartile Third Quartile Second Quartile First (lowest) Quartile Without a college certificate or degree, children in families in the bottom income quartile have a 45% chance of remaining there as adults. With a college degree, they have less than a 20% chance of staying in the bottom income quintile (Xxxxxxx, Holzer, & Xxxxxx, 2009). Addressing this challenge is even more critical given that low-income students and students from historically racial and ethnic minority backgrounds will represent the majority of the traditional college degree-seeking population in the years ahead, and many of these students will be the first in their families to attend college....
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Related to WINDOW PAYMENT

  • Monthly Payment City shall make monthly payments, based on invoices received, for services satisfactorily performed, and for authorized reimbursable costs incurred. City shall have 30 days from the receipt of an invoice that complies with all of the requirements above to pay Consultant.

  • Termination for Non-Payment We may terminate this Agreement with immediate effect by giving written notice to you if you fail to pay any amount due under this Agreement on the due date for payment and remain in default not less than thirty

  • Termination Payment for Force Majeure Event 30.9.1 If Termination is on account of a Non-Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to 55% (fifty five per cent) of the Debt Due less Insurance Cover. 30.9.2 If Termination is on account of an Indirect Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount equal to: (a) 55% of the Debt Due less Insurance Cover; provided that if any insurance claims forming part of the Insurance Cover are not admitted and paid, then 80% (eighty per cent) of such unpaid claims shall be included in the computation of Debt Due; (b) 60.5% (sixty point five per cent) of the Adjusted Equity; and 30.9.3 If Termination is on account of a Political Event, the Authority shall make a Termination Payment to the Concessionaire in an amount that would be payable under Clause 33.3.2 as if it were Authority’s Default.

  • Termination for Nonpayment In the event of the nonpayment of fees owed to DSI, DSI shall provide written notice of delinquency to all parties to this Agreement. Any party to this Agreement shall have the right to make the payment to DSI to cure the default. If the past due payment is not received in full by DSI within one month of the date of such notice, then DSI shall have the right to terminate this Agreement at any time thereafter by sending written notice of termination to all parties. DSI shall have no obligation to take any action under this Agreement so long as any payment due to DSI remains unpaid.

  • Required Payments; Termination Any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • TERMINATION UPON RETIREMENT Termination of Executive’s employment based on “

  • Termination of Payment Fund Any portion of the Payment Fund that remains undistributed to the holders of Certificates and Book Entry Shares for twelve months after the Effective Time shall be delivered by the Paying Agent to the Parent, upon demand, and any holder of a Certificate or Book Entry Shares who has not theretofore complied with this Article II shall thereafter look only to the Parent for payment of the Merger Consideration, but shall have no greater rights against the Parent than may be accorded to general unsecured creditors of the Parent under applicable law.

  • Notice of Voluntary Termination or Reduction The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof. Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments of a Class delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Due Date All fees contemplated under Section 3(a) above and reimbursement for all expenses contemplated under Section 3(b) above are due and payable within ten (10) days of receipt of an invoice provided by GFS. Any fees or reimbursements due hereunder not received by its due date may be assessed interest at the maximum amount permitted by law.

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