What happens if I am unable to honor my intent to return to and become employed in the Southside Virginia localities?
At that point, repayment becomes the course you must take. Loan terms are 6% simple interest with payment beginning 12 months after program completion or failure to enroll in future credit courses, with a minimum payment of $100 per month and a maximum term of 10 years to repay. It is the responsibility of the student to keep the Southside Tobacco Forgiveness Loan Program updated as to changes in personal information, (i. e. change of address, graduation, dropping out of school, et. al). Students are responsible for finding their own jobs after graduation.
Related Questions
- What happens if I am unable to honor my intent to return to and become employed in the Southside Virginia localities?
- What happens if a faculty or staff member gives notice of intent not to return? Are their benefits terminated?
- What happens if I do not return the recredentialing application by the stated deadline?
