17.5.1  Repayment Agreement

During the application process, the loan recipient and the FEPFinancial and Employment Planner will develop a repayment agreement together.  

JALJob Access Loan recipients may choose to repay some of their loan through in-kind community service.

• A minimum of 25% of the loan must be repaid in cash, and

• Up to 75% of the loan can be repaid through in-kind community service. (See 17.5.3)  

The initial repayment period can be up to 12 months and can be extended for an additional 12 months. The maximum repayment timeframe is 24 months.

A JAL recipient must make monthly payments in line with the terms of their current repayment agreement.

FEPs must remind JAL recipients that missing three payments, or making partial payments without renegotiating repayment terms, including both in-kind community service and cash repayment, will result in loan default and collections. (See 17.5.5)

CARESClient Assistance for Reemployment and Economic Support Process:

• Regardless of when the loan is issued, the first payment is due on the 25th of the following month.

• All payments must be recorded by PACSThe Public Assistance Collection Section in CARES by the end of the month.

• Each month, CARES will issue a statement summarizing payments made to the account and the balance due.

• CARES will also issue a past due notice each month a payment has not been received or does not meet the expected repayment agreement.

History: Release 24-10.