Education Funding Contract

EDUCATION FUNDING CONTRACT

Parties and Effective Date

This Education Funding Contract (the "Agreement") is entered into by and between:

Effective Date: . This Agreement sets forth the terms by which the Funder will provide funding to assist the Student with educational expenses in accordance with the terms below.

Definitions

For purposes of this Agreement: "Funding" means the monetary support described in Section 3; "Institution" means the accredited educational institution at which the Student is or will be enrolled; "Program" means the course of study identified in Section 3.

Funding Amount and Disbursement

Amount of Funding: The Funder agrees to provide funding in the total amount of $ (the "Funding Amount") to be applied toward the Student's educational expenses.

Use of Funds; Restrictions

The Funding Amount shall be used solely for educational expenses reasonably related to the Program, including tuition, mandatory fees, required course materials, and campus housing where expressly authorized. The Student shall not use the Funding for non-education related expenses. Misuse constitutes a material breach and may trigger repayment obligations under Section 6.

Student Obligations and Conditions

The Student shall:

1. Enroll and remain enrolled in the Program during the Term;
2. Maintain a minimum cumulative grade point average of (GPA) unless otherwise agreed in writing;
3. Provide the Funder with official academic transcripts or confirmation of enrollment within days after each term or upon request;
4. Notify the Funder in writing within days of withdrawal, leave of absence, or termination from the Program.

Repayment, Clawback and Remedies

If the Student fails to comply with the conditions set forth in this Agreement, the Student agrees that the Funding (or a prorated portion) shall be repayable to the Funder as follows. The amount repayable shall be the unearned portion of the Funding Amount as of the effective date of breach plus any reasonable costs of collection, and interest at the rate of % per annum from the date of default until paid. The parties may agree to alternative repayment schedules in writing.

Reporting, Records and Audit Rights

The Student shall permit the Funder to receive copies of academic transcripts, billing statements, and any documentation reasonably necessary to verify proper use of the Funding. The Student authorizes the Institution to release such records to the Funder for the purpose of administration and compliance with this Agreement.

Tax Treatment and Withholding

The parties acknowledge that tax consequences may result from receipt of the Funding. Responsibility for any tax reporting, withholding, or payments rests with the party required by applicable law. The Funder makes no representation that the Funding is tax-free to the Student.

Confidentiality and Publicity

Except as required by law or required disclosures to the Institution, neither party shall disclose confidential information of the other. The Student consents to the Funder's use of the Student's name, program, and photograph for announcement or promotional purposes only with prior written consent from the Student.

Representations, Warranties and Covenants

Each party represents and warrants that it has the authority to enter this Agreement and that all information provided to the other party is true and correct. The Student covenants to comply with institutional rules and all Program requirements that materially affect eligibility for Funding.

Default; Remedies; Termination

Material breach by the Student, including loss of enrollment or failure to satisfy academic conditions, constitutes default. Upon default the Funder may suspend further disbursements, demand repayment, and pursue available legal remedies. Termination of this Agreement does not relieve the Student of accrued repayment obligations.

Governing Law and Dispute Resolution

This Agreement shall be governed by the laws of the jurisdiction identified below. The parties agree to submit disputes first to good-faith negotiation and, if unresolved, to binding arbitration administered in the chosen jurisdiction unless otherwise agreed in writing.

Notices

All notices under this Agreement shall be in writing and delivered to the addresses below by hand delivery, certified mail, or courier and shall be deemed effective upon receipt.

Miscellaneous

This Agreement constitutes the entire agreement between the parties with respect to the Funding and supersedes prior agreements. Amendments must be in writing and signed by both parties. If any provision is held invalid, the remaining provisions remain enforceable.

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