(1) Each Recipient
of a scholarship under this Chapter shall remain in Good Standing with the EPP
during the time of enrollment in order to continue to receive the
scholarship.
(2) Each Recipient
shall maintain an active and valid Occupational Teacher License for the
required four (4) years of employment.
(3) A Recipient shall not accept any other
financial assistance that carries with it a conflicting service obligation
after graduation or program completion.
(4) The total amount of a scholarship shall
not exceed the cost of Tuition and Mandatory Fees at the EPP where the
recipient is enrolled, less all other gift aid, which must be credited first to
the eligible Prospective Educator's tuition and mandatory fees.
(5) Funds shall be disbursed by the
Department directly to the EPP on behalf of the Recipient. No funds shall be
disbursed directly to scholarship Recipients.
(6) The scholarship award may be transferred
from one (1) EPP to another provided the transfer is approved by the
Department.
(7) Repayment.
(a) If the Recipient is determined to have
received the scholarship based on inaccurate application information, the full
amount of the scholarship received shall become due immediately to the state of
Tennessee.
(b) The scholarship must
be repaid should the Recipient fail to complete the EPP or fail to honor the
terms and conditions of the scholarship agreement. Repayment for Recipients
shall begin on the first day of the month following notification to the
Recipient from the EPP of failure to complete the EPP program or notification
of failure to honor the terms and conditions of the scholarship
agreement.
(c) For each consecutive
academic year of Full-Time Teaching the Recipient completes prior to any
default under the terms and conditions of the scholarship agreement, the
Recipient shall receive a credit of twenty-five percent (25%) of the
scholarship amount. This credit shall not begin until the Recipient completes
the EPP for which the scholarship was provided.
(d) Repayment may be made in whole or in
monthly installments over a period of not more than four (4) years from the
date of notification to the Recipient of failure to complete the educator
preparation program or notification of failure to honor the terms and
conditions of the scholarship agreement.
(e) If a Recipient issues a check, draft,
warrant, or electronic funds transfer which is subsequently returned to the
state of Tennessee for reason of insufficient funds, a stop payment order by
the issuer, or any other reason, it will be considered non-payment.
(f) If it becomes impossible for the
Recipient to fulfill the requirements of
0520-02-05-.03(1)(d)
above due to the Recipient's death or permanent disability under the standards
established by T.C.A. Title 8, Chapter 36, Part 5, for determining disability
for members of the Tennessee Consolidated Retirement System, then the Recipient
shall no longer be required to repay any remaining unpaid scholarship amounts
currently due.
