Effective Date: January 12, 2009
Expiration Date: January 12, 2016
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a. 5 U.S.C. § 5379, Student Loan Repayments
b. 5 CFR Part 537, Repayment of Student Loans
Center Directors will establish a plan, in accordance with governing regulations, for implementing the Student Loan Repayment Program in accordance with regulatory requirements. Center Directors have the authority to approve student loan repayments and waive, in whole or in part, recovery of an employee's debt to the Center. These authorities may be delegated.
11.3.1 Any employee receiving a student loan repayment must sign a minimum three-year service agreement. The service agreement will commence on the date that NASA makes the first student loan repayment. Any loan repayments beyond three years will serve to extend the service agreement an additional year after the last loan repayment is made.
11.3.2 The service agreement obligates the employee to remain in the employment of NASA, including any reassignments to other NASA Centers, for the duration of the service agreement. If the employee transfers to work in another Federal agency before completing the service agreement, the employee must reimburse NASA for all loan payments made on his or her behalf.
11.3.3 NASA Form 1698, Student Loan Repayment Service Agreement, has been established for this purpose.
Centers may authorize student loan repayments up to the maximum amount permitted by regulation.
11.5.1 Center Human Resources Offices will establish and maintain records on student loan repayment use.
11.5.2 Center Human Resources Directors and the NSSC Human Resources Director will submit an annual report each fiscal year to OHCM that includes: (1) the number of employees selected to receive the benefit, (2) employee name, organization, title, series and grade, and (3) the total amount of student loan repayment.
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