By my digital signature below, I agree to the following terms and conditions of the Teacher Education Fund Award if/when I receive an AWSNA loan:
a. This Award is an interest free loan and is not due while the student is in good standing. Good standing is defined as fully enrolled in the teacher education institute, and, upon graduation, is teaching three-quarters to full-time at an AWSNA and/or WECAN affiliated Waldorf School. For those who wish to spend an additional year in training, an application may be submitted to AWSNA to request a continuance in good standing.
b. For each consecutive year that the student teaches three-quarter to full-time at an AWSNA and/or WECAN-member Waldorf School, one-third of the loan will be converted to a scholarship by AWSNA, up to the entire loan balance. The student understands that any scholarship funds may be taxable income, and the student may wish to consult with an accountant or tax professional.
c. The student is required to provide documentation of graduation from the teacher education institute, and to provide documentation of employment by the end of September of each academic year with a letter to AWSNA from the faculty chairperson of the school in which the student is teaching.
d. If the student withdraws or is dismissed from the teacher education program, the entire amount of this agreement converts to a 12-month payment plan. The outstanding balance will be charged an interest rate of 1% per month.
e. If the student ceases teaching three-quarters or full-time in an AWSNA and/or WECAN-member school, the balance of the award converts to a 12-month payment plan. An interest charge of 1% per month will be added to the outstanding balance, from the cessation date.
f. The student will inform AWSNA of any address changes, updates in status, or other information pertinent to the execution of this agreement. If the student fails to update AWSNA of their contact information, the teacher education institute where they are enrolled is authorized to release this information to AWSNA.
g. AWSNA will send the student in good standing a statement regarding this award once each year. Should events listed in sections d and/or e above occur, statements will be sent regularly until the balance is fully paid. Payments are due whether or not statements are received.
h. In the event that any default in payment occurs and this contract is placed in the hands of a collection agency or attorney for collection, the student agrees to pay a reasonable sum as attorney fees and costs.
AWSNA is committed to a policy of nondiscrimination and equal opportunity without regard to race, color, religious creed, ancestry, age, gender, marital status, national origin, disability or handicap, protected genetic information, veteran status, sexual orientation or any other factor protected by law.