Failure to satisfy the academic requirements of the program or to complete the service requirement will result in forfeiture of the scholarship award, which will revert to a student loan with repayments pro‐rated accordingly to reflect partial service completed. NJIT is responsible for collecting the repayment amounts, including interest, consistent with the provisions of part B or D of Title IV of the Higher Education Act of 1965. All forfeited scholarship funds, less grantee costs associated with collection of the repayment not to exceed 5% of the forfeited amount, will be returned to the United States Treasury. Scholarship recipients in coordination with NJIT may petition the NSF Program Office to waive or suspend repayment of scholarships in cases of extreme hardship or other circumstances that would preclude the fulfillment of the service obligation.
A Frequently Asked Questions list can be found at https://www.sfs.opm.gov/StudFAQ.aspx