17.2.3  JAL Budget as Part of the Application Process

The W-2 agency must complete a budget with all JAL applicants. As a step in the eligibility process, the FEP must use CARES screen BVJW to develop a budget using cash as the only means to repay the loan. The FEP must print out BVJW screen and scan it into ECF as documentation of whether the applicant can afford the loan.

Note: Once eligibility is determined, the FEP and the applicant can renegotiate the terms of the loan repayment. Up to 75% of the debt can be repaid through documented in-kind community service work. (See 17.5.3)

 

 

History: There are no previous versions of this policy.