Employee Personal Computer Loan Program
TMCC has a program for employees of the college to obtain no-interest loans for buying a computer and associated hardware and software for personal use. (Loans are for employees only, not family members.) The intent of this program is to provide employees with the means to provide home computer access to develop computer skills and increase professional development opportunities.
Employees interested in this program should contact the TMCC controller's office.
All full-time professional and classified TMCC employees are eligible for these loans. Classified employees must not be in a probationary period.
Each loan is limited to 90 percent of the purchase price and can not exceed $2,000. A down payment of $200 or 10 percent of the purchase price, whichever is less, is required. Repayment is to be made in equal monthly payments through payroll deduction, not to exceed 24 months.
The loan program has limited resources. Loans are on a first-come, first-served basis. An employee may not have more than one loan at one time. Employees who have paid off a loan may not apply for a new loan for six months after the payoff date.
Upon termination of employment, the loan is due and payable in full unless the payment arrangements, in writing, are made with the TMCC controller's office prior to termination. If payment arrangements are not made, the unpaid balance will be sent to collection. The employee is responsible for notifying the controller's office of their termination and to make arrangements for their loan repayment.