Common use of Study Payments Clause in Contracts

Study Payments. Clauses 2.1 to 2.7 explain the payments you will receive under this Agreement. 2.1 There are two parts to your Scholarship: Fees and Allowances. 2.2 Your Fees will be paid directly to your Tertiary Provider from the year you are awarded your Scholarship to cover the minimum EFTS required to complete the teaching qualification, while you have Fees entitlement remaining. 2.3 You will be paid an Allowance of up to $30,000 per year after your Fees have been paid only if: • You are an approved full-time student or a limited full-time student; • you have allowance entitlement remaining; and • you pass 100% of your Study during the previous Academic Study Year (for the second and following years of your Study); • you resit a failed paper or pass a teaching paper of equivalent EFTS value at your own expense in the same Academic Study Year. 2.4 The Allowance will be paid in Fortnightly Instalments directly into your bank account for a maximum period of one to three years. 2.5 If you are starting your studies Mid-Year the payments will be split to match your academic year of Study. 2.6 If you receive an Allowance overpayment that you were not eligible to receive, you must repay the amount to StudyLink within 28 days of receiving advice regarding the overpayment. 2.7 If the amount is not repaid, the amount of the overpayment will be deducted from your remaining allowance entitlement.

Study Payments. Clauses 2.1 to 2.7 explain the payments you will receive under this the Scholarship Agreement. 2.1 There are two parts to your Scholarship: Fees and Allowances. 2.2 Your Fees will be paid directly to your Tertiary Provider from the year you are awarded your Scholarship to cover the minimum EFTS required to complete the teaching qualification, while you have Fees entitlement remaining. 2.3 You will be paid an Allowance of up to $30,000 per year after your Fees have been paid only if: • You you are an approved full-time student or a limited full-time student; • you have allowance entitlement remaining; and • you pass 100% of your Study during the previous Academic Study Year (for the second and following years of your Study); • you resit a failed paper or pass a teaching paper of equivalent EFTS value at your own expense in the same Academic Study Year. 2.4 The Allowance will be paid in Fortnightly Instalments fortnightly instalments directly into your bank account for a maximum period of one to three years. 2.5 If you are starting your studies Mid-Year the payments will be split to match your academic year of Study. 2.6 If you receive an Allowance overpayment that you were not eligible to receive, you must repay the amount to StudyLink within 28 days of receiving advice regarding the overpayment. 2.7 If the amount is not repaid, the amount of the overpayment will be deducted from your remaining allowance entitlement.