📄 STUDENT FINANCIAL ASSISTANCE AGREEMENT

BETWEEN THE PARTIES

First Party:
SFA YOJANA (STUDENT FINANCIAL ASSISTANCE)
(Behalf of Satyam Education as the guarantor.)

AND

Second Party (Student):
Name:
Course:
Contact No:
(Hereinafter referred to as "Student")

1. Fee Structure & Financial Position

This section outlines the complete financial breakdown:

• Total Semester Fee: ₹
• Amount Already Paid by Student: ₹
• Remaining Balance (Financial Gap): ₹

2. Financial Assistance Overview

The Institute acknowledges the student's current financial situation and outstanding balance of ₹. To support the student's continued education, the Institute has agreed to provide temporary financial assistance through a structured payment mechanism.

3. Institute's Financial Support Framework

The Institute commits to providing comprehensive assistance through the following measures:

• Fund Arrangement: The Institute will arrange the remaining balance through internal resources and bank-linked funding sources under the SFA Yojana to ensure immediate clearance of the student's pending payments.
• Flexible Repayment: An EMI-based repayment facility spanning 1 month will be provided, converting the lump-sum financial burden into manageable monthly installments, thereby reducing immediate financial pressure.
• Academic Continuity: The student's academic processes, including examinations, admissions, and other educational activities, will continue without any disruption or interruption throughout the repayment period.

4. Service Charges & Administrative Fees Breakdown

For facilitating this financial assistance, the Institute charges a nominal service fee of ₹. This covers:

• Facilitation & Funding Support: ₹ - Covers arrangement of funds and coordination with funding sources
• Processing & Documentation: ₹ - Handles paperwork, agreement preparation, and legal documentation
• Account Handling & Service: ₹ - Manages account maintenance, payment tracking, and customer service
• Administrative & Risk Coverage: ₹ - Provides administrative oversight and risk management for the financial facility
• System Maintenance & Support: ₹ - Ensures technical infrastructure and ongoing system support

Total Payable Amount (Balance + Service Charges): ₹

5. Structured EMI Repayment Schedule

The total payable amount will be recovered through two equal monthly installments:

• First Installment: ₹ - Due Date:
• Second (Final) Installment: ₹ - Due Date:

Note: Complete payment must be settled within 1 month from the date of this agreement.

6. Delayed Payment Penalty Structure (Compound System)

To ensure timely repayments and maintain the sustainability of this financial assistance program, the following penalty structure applies:

Penalty Triggers: If payment is delayed by even 1 day after the due date, the 15-day penalty cycle will be activated.

Penalty Breakdown:

• 15 Days Delay: ₹ (Initial penalty for short-term delay)
• 1 Month Delay: ₹ (Extended penalty for medium-term delay)
• Continued Delay: ₹ per month (Ongoing monthly penalty on compound basis)

Important: All penalties operate on a compound/cycle-based calculation system and will be automatically updated in real-time.

7. Critical Terms & Conditions

The following conditions govern this financial assistance facility:

• Nature of Facility: This EMI arrangement constitutes temporary financial support extended by the Institute and does not establish a permanent credit relationship.
• Mandatory Penalties: Any delay in scheduled payments will automatically trigger applicable penalties as outlined in Section 6.
• Final Authority: The Institute's decisions regarding interpretation, implementation, and enforcement of this agreement shall be final and binding on all parties.

8. Institutional Declaration & Legal Framework

"Satyam Education operates a structured and regulated financial assistance system designed to support students facing temporary financial constraints. Funds are arranged through internal resources and bank-linked sources. Timely repayment as per the agreed schedule is mandatory to ensure the continuity and sustainability of this facility for future beneficiaries."

9. Student Declaration & Commitment

I, , hereby declare and affirm as follows:

• Informed Consent: I have carefully read, understood, and voluntarily accepted all terms and conditions stipulated in this agreement.
• Payment Commitment: I commit to making all EMI payments strictly adhering to the schedule specified in Section 5.
• Penalty Acceptance: I acknowledge my responsibility to pay any applicable penalties that may arise due to delayed payments, and I accept full liability for such charges.
• Compliance: I agree to abide by all institutional policies and decisions related to this financial assistance facility.