Terms and repayment

Where terms come from

Terms, meaning amounts, schedules and their conditions, are determined by the applicable versioned rules and the participant's specific agreement, not by this article and not by manual negotiation inside the software. When a participant sees terms, they should be able to see which rule version produced them.

What a participant can inspect before committing

• The applicable terms and how they were determined.
• The scheduled repayments: dates and amounts, shown before commitment.
• Where the authoritative rule text lives, so the details can be checked against the source.

No specific amounts or rates are published here. Illustrative figures elsewhere on this site are labelled as examples. They are not terms, offers or promises.

Repayment

Repayment follows the scheduled terms. Where a program uses payroll-linked repayment, the operating requirements, including consent and what happens at the end of employment, are defined by the operating entity and its agreements. Any such arrangement is set out with the participant before it applies.

Recorded repayments and scheduled activity form the participant's record, which is designed to be checkable: Transparency and privacy explains who can check what.

When the rules change

Rules are versioned. A change requires a document change with an explicit version bump, and it applies going forward under the published terms, never by silent edit. Program-specific terms must be adopted and provided before an operating program opens. They are not published yet; see Rules and implementation status.