5 C.F.R. § 537.103 Agency loan repayment plans.
Title 5 - Administrative Personnel
Title 5: Administrative Personnel
PART 537—REPAYMENT OF STUDENT LOANS
§ 537.103 Agency loan repayment plans.
(a) Agency loan repayment plans. Before repaying any student loans under this part, the head of an agency must establish a student loan repayment plan. This plan must include the following elements:
(1) The designation of officials with authority to review and approve offering student loan repayment benefits (agencies should use approval delegations which are similar to those used for other recruitment and relocation incentives);
(2) The situations when the loan repayment authority may be used;
(3) Criteria that must be met or considered in authorizing loan repayments, including criteria for determining the size and timing of a payment(s);
(4) Procedures for making loan payments;
(5) A system for selecting employees to receive repayment benefits that ensures fair and equitable treatment;
(6) Requirements for service agreements (including a basis for determining the length of service to be required if greater than the statutory minimum) and provisions for recovering any amount outstanding from an employee who fails to complete the period of employment established under a service agreement and for conditions when the agency decides to waive the employee's obligation to reimburse the agency for payments made under this part; and
(7) Documentation and recordkeeping requirements sufficient to allow reconstruction of the action taken in each case. (when an employee is considered for the repayment benefit.)
(b) [Reserved]
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