I read that if I accept the personal mitigation payment, I consent to a release in favour of Universitas. Usually, a release means the organization doesn’t owe you anything anymore, which is not the case in my situation because I have one EAP left.
Rest assured that the financial mitigation measures don’t impact your Universitas account in any way. You don’t have to withdraw your educational assistance payment (EAP) before accepting the personal mitigation payment you were offered. The Settlement and Release Agreement only pertains to the financial mitigation measures, which aim to offset the financial impact the relaxed EAP qualification criteria could have caused. The Agreement doesn’t impact your account at all, and the financial mitigation measures don’t affect the EAP withdrawal process.
For further details, please contact our Customer Service at 1 877 710-RESP (7377). Our agents will gladly answer all your questions.