The assistance may be paid in one lump sum or over a period not to exceed ten years in equal, unequal, or declining balance amounts. The maximum assistance amount is indexed based upon salary increases for faculty.
The eligible population for the program is full-time University appointees who are members of the Academic Senate cash advance payment receipt who hold equivalent titles and Acting Assistant Professors.
Campuses have the option to require repayment of a portion of the housing allowance in the event that the recipient leaves University employment prior to a specified date. (Formerly known as the Salary Differential Housing Allowance Program). Graduated Payment Mortgage: The Graduated Payment Mortgage (GP-MOP) is an alternative loan product under the Mortgage Origination Program (MOP) that results in an initial lower interest rate (Borrower Rate) than the cba personal loan borrowing power recently published MOP rate (Standard Rate).
The initial Borrower Rate is stated as a percentage below the Standard Rate, subject to a 2.
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