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Repayment of training fees
Comments
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In terms of what you propose, you need to come up with a monthly figure you can afford, and which will clear the debt within a reasonable time. 12 months, as they have suggested, doesn't seem an unreasonable length of time.
If they took you to court and you were saying you could not pay in full, a court would ask you to complete a statement of means with your income and outgoings, to decide what would be a reasonable amount to pay.(the form is here, for reference
I'd suggest that you do something similar for yourself, to work out how much you can realistically pay, and also to identify anything in your budget where you could cut costs. If your income varies, then work out the average per month.
If you make an offer which is lower than what your employers ask for, then they may ask for, or you may want to volunteer, a statement of income and outgoings so that they can see that you can't realistically pay more per month. This may reduce the chances of them seeking to take you to court, if they can see that they are unlikely to get paid faster by taking you to court.All posts are my personal opinion, not formal advice Always get proper, professional advice (particularly about anything legal!)0 -
You don't necessarily need to sign up for a payment plan.
Just start paying them what you can afford.
They are unlikely to take you to court if you are already paying it back.
If you are making payments and the debt will be clear in 12 months, 18 months or even 24 months they will probably just let it take it's course.
If they do take you to court, there is a procedure they have to follow.Changing the world, one sarcastic comment at a time.0 -
OP - without giving too much away - how long was the training and how much of it had you completed?
Did the employer get any benefit from you completing the training, if so I would include a deduction for this in the amount you suggest paying.
Example - if you doing a 3 year course, and the training agreement meant you could leave 6 months after the training, and you complete 2.5 years of the training and then leave, the employer has benefited from 2.5years of your increased expertise.
Using the above example - the employer got 2.5 years out of the 4 years they expected you for - so allowing for the fact that you your productivity/skills benefit the company most after you get them - a 40% reduction in the amount you owe would not be unreasonable - although the employer might not agree
this is the approach my old employer took when people left during training (although it was not what the training agreement actually said!)0
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