Eligible components include computers, monitors, keyboards, printers, cables, external drives, speakers, modems, warranties, work-related software, and carrying cases for notebook computers. Furniture and games are not eligible expenses. Loans will be repaid via monthly payroll deduction for a period of time elected by the faculty member, not to exceed 36 months. In the event that a faculty member s employment is to be terminated, the College may increase the monthly payment so that the outstanding loan balance will be repaid from the faculty member s remaining paychecks. Should insufficient payroll deductions have been applied to repay the loan by the date at which employment is terminated, the loan becomes payable in full upon termination.
Additional borrowing increases the monthly payment without extending the life of the loan.
Once a loan has been repaid in full, a faculty member may apply for a second loan on the same terms. A faculty member is not eligible for more than two loans except under extraordinary circumstances, such as the early and uninsured theft of a computer. A check payable to the vendor will be issued and a promissory note will be prepared to allow for monthly payroll deductions. Present proof of payment to the Associate Dean s office. Innovation A fund exists to support genuinely innovative use of computer technology for instructional purposes.