Undergraduate Medical Student Bursary Policy Manual

Failure to comply with the service agreement constitutes a default of the service agreement and said default includes the following: • Having made a materially misleading or inaccurate statement in the bursary application; • Purporting to confirm statements in the application and/or in the service agreement as being true when they are not in fact true; • Failure to comply with any term or conditio. [...] Recipients must notify in writing the Medical Services Division of the decision to terminate the service agreement at least three months prior to the termination date and arrange for repayment of the bursary in accordance with the service agreement. [...] In all instances where the recipient will be charged interest under the service agreement, interest on the amount to be repaid by the recipient will be calculated on the unfulfilled portion of the service obligation. [...] • Interest on the amount to be repaid by the recipient will be calculated retroactively from the date the money was advanced to or on behalf of the recipient and will compound on the outstanding balance as of the end of each month. [...] In the case of default, the Medical Services Division will provide repayment details in writing to the recipient describing the prorated amount owing, interest and the repayment procedure.