The amount of outstanding student credit balance (date) applicable is (amount) . The amount of student loans that [AGENCE] will make on your behalf under this service contract is $10,000 per calendar year and a total amount of USD (maximum US$60,000) on (US$60,000) per year, subject to annual audits and recertifications by [AGENCY COMPONENT] to ensure that funds are available and to determine the status of the student loan. This service contract for Student Loan`s repaying program is an employment contract between [AGENCY] and (employee`s name) (hereafter referred to as “you” or “yours”) to define the conditions under which you declare to work as a federal employee at [AGENCY]s [AGENCY COMPONENT] in exchange for [AGENCY COMPONENT] that prepay all or part of your outstanding student loans by making loans to the lender. This agreement will remain in effect until conditions are met or until funding is no longer available. They are required to serve (number of years; at least 3 years), beginning (date, i.e. the first day of the current salary period, for which the first payment of a loan must be paid by the payslip after signing the service contract; the date the worker enters service (EOD); the date the worker returns from school to service; or at any time according to the law of service). During the term of the agreement, you agree that [AGENCY COMPONENT] will be allowed to verify the status of each loan, including all obligations you have, and to discuss the terms and amount of the current commitment with each lender/bondholder. You agree that [AGENCE] will provide information about each loan, such as the lender`s name, address, telephone number and bank code, note holder, credentials, including social security number, and your payment obligation, i.e. the amount owed and the period during which the loan must be paid. You herethly state that the payment benefits that are the subject of this service agreement apply only to your outstanding loan debt from the date you and [AGENCY COMPONENT] execute this service contract. The source of funding for this agreement is (accounting information: type of funds, R-R, if not the employee`s accounting information).
If you do not agree to the service period within this period because you voluntarily separate from [AGENCY] for any reason, the loan payments will be immediately terminated; In addition, you are required to repay [AGENCY] as part of [AGENCE`s] collection process all of the loan payments that [AGENCE] made on your behalf under this agreement. However, if you separate from [AGENCY] to accept a job at another agency and that agency agrees to repay [AGENCY] the loan payments it made on your behalf or if you are unintentionally separated for reasons other than those described in the paragraph above, you will no longer be in debt as [AGENCY]. If you subscribe to the service period within this period and voluntarily separate from [AGENCY], you are not eligible for further credit payments and [AGENCE] will immediately terminate all remaining credit payments, but you do not have a repayment obligation to [AGENCY]. For the duration of this service contract, they must retain at least one fully successful or equivalent performance evaluation and applicable security permission (access authorization). If your performance assessment falls below this level or if your security contract is revoked or if you are unintentionally separated for misconduct, credit payments will be immediately discontinued and you are required to repay [AGENCY] the total amount of credit payments that [AGENCE] has made on your behalf as part of [AGENCY`] collection procedure.