Noyce Fast Track Scholarship Promissory Note - The College of ...

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C. Interest Interest on this loan shall accrue from the beginning of the repayment period. My fixed interest rate is 5%. D. Billing Service Should I enter into repayment of the Noyce funds, the billing agent for the CSU – Pueblo will be ECSI. CSU- Pueblo reserves the right to change the billing agent as needed. In the event that the billing agent is changed, I will be notified of the new billing agent by CSU-Pueblo’s Noyce Scholars Program. E. Deferment I understand that I will not be considered in violation of the repayment schedule during the time that I am: 1. Enrolled as a full time student at CSU – Pueblo AND enrolled in the secondary teacher education program in mathematics; or 2. Teaching in a qualified high-need school district while meeting service obligation; or 3. Serving, not in excess of three (3) years, on active duty as a member of the armed services of the United States; or 4. Temporarily disabled, for a period not to exceed three (3) years, as established by sworn affidavit of a qualified physician; or 5. Unable to secure employment for a period not to exceed twelve (12) months by reason of the care required by a spouse who is disabled; or 6. Seeking and unable to find employment as a science or mathematics teacher in a high-need school district for a single period not to exceed twenty four (24) months; or 7. Enrolling in a secondary mathematics licensure program approved by CSU-Pueblo’s Noyce Scholars Program to start no later than the third academic semester after a transfer to another accredited institution. During the time I qualify for any of the exceptions described Section IV E, I need not make the scholarship repayments described in described in Section IV A. In order to qualify for any of these exceptions, I must promptly notify CSU-Pueblo’s Noyce Mathematics Scholars Program of my claim and provide supporting documentation acceptable to CSU – Pueblo’s Noyce Scholars Program. The billing agent shall extend the five-year scholarship repayment period described in Section IV A by a period equal to the length of time I meet any of the conditions in Section IV E. F. Discharge of a Required Repayment I understand that the Noyce Scholars Program shall waive my repayment obligation if it determines that: 1. On the basis of the sworn affidavit of a qualified physician, I am unable to work as a secondary teacher because of an impairment or disability that is expected to continue indefinitely or result in death; 2. On the basis of a death certificate or other evidence conclusive under Colorado law, my death has occurred; or 3. Documented circumstances have occurred which CSU – Pueblo’s Noyce Scholars Program, in consultation with NSF, considers as a compelling reason to excuse repayment. G. General Last Revised March 10, 2012 Page 8 of 9
1. I agree to advise CSU – Pueblo’s Noyce Scholars Program in writing of any change in name, address, or deferment status as described in Section IV E. 2. I understand that I may appeal any determination made by CSU – Pueblo’s Noyce Scholars Program that I am not in compliance with any of the requirements of the program, and that appeals must be made in writing to CSU – Pueblo’s Noyce Scholars Program within 60 days of receipt of communication that I am in non-compliance. 3. I understand that I must be enrolled full time in a secondary mathematics teacher education program at the CSU – Pueblo and if I transfer to another college, I am no longer eligible for the scholarship and will need to start repayment of any scholarship funds received to that point unless I meet cancellation or deferment requirements stated in Section IV B, E, or F. 4. I understand that I must maintain satisfactory academic progress as determined by CSU – Pueblo’s Noyce Scholars Program, and that scholarship support will end if I do not make satisfactory progress during any term of my enrollment. 5. I understand that if I am more than 90 days past due with payments towards my loan that CSU-Pueblo will withhold all services (such as transcript requests or course registration) until my delinquent (late)/defaulted loan account has been brought current and/or paid in full. 6. I understand that if I fail to pay my loan as agreed, my loan will be assigned to a collection agency, and may be accelerated (loan balance due and payable IN ITS ENTIRETY); and I will be required to pay all collection, court, and attorney’s fees if my loan becomes, or continues to be, past due. I attest that I have read and understand my repayment responsibilities and the options available to me. I understand that this is a loan that must be repaid, with accrued interest, if I fail to meet the service obligation or any other of the requirements listed in the sections above. My signature below certifies that I have read and agree to my commitments presented in the terms and conditions (Section II), the scholarship agreement (Section III), and the promissory note (Section IV). Print Full Name Signature Date STATE OF COLORADO ) ) ss COUNTY OF PUEBLO ) Subscribed and affirmed or sworn before me by this day of , 20 . (student) ________________________ _ ____________________________ NOTARY PUBLIC My Commission expires Last Revised March 10, 2012 Page 9 of 9
Page 1 and 2: Colorado State University-Pueblo’
Page 3 and 4: C. Recipient’s Retention of Schol
Page 5 and 6: F. Default If within twenty-four (2
Page 7: SECTION IV: Promissory Note I under

Noyce Fast Track Scholarship Promissory Note - The College of ...

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