Full-time employees who have worked for two years are eligible for full financing up to a maximum purchase of $4,500. Payments are made via payroll deduction at 0% interest over 24months. Those who have not worked here for two years (but have successfully completed their three-month/six-month Orientation Period) are required to make a down payment of 1/3 of the purchase price, with the balance to be paid through payroll deduction over 24 months. The employee must be in good financial standing with the College, i.e. no outstanding payments owed for more than 30 days in the College Store, no outstanding parking fines, library fines or travel advances. Employees currently on probation will not be eligible for this benefit.

Please Note: Employees may only take out one computer loan at a time (even if the maximum allowed has not been met). If you have any questions about this, please call the HR Office at ext. 6202 before purchasing the second computer.

To begin your computer contract, provide your original paid receipt/invoice or an official quote from the computer vendor. A contract will be drawn up for your signature along with a check request that will be forwarded to Accounts Payable. Note: Accounts Payable has a 7 to 10 day window to process all check requests, so please plan accordingly. If you have additional questions regarding your computer purchase, please contact Human Resources at 337-6202 (or dial x6202) for details.

Currently, the best prices can be obtained by purchasing computer goods directly from computer vendors. The Information Resources Department will answer questions about computer and peripheral recommendations and purchases by calling 337-6601 (or dial ext. 6601).

Computer Purchase Benefit Guidelines

Eligibility Maximum Dollar Amount

Full-time College employees $4,500

General Information: Computers and associated peripherals may be purchased at retail, discount, computer, or office products stores. Information Resources may be contacted for recommendations on specific equipment that will meet your operational needs by calling ext. 7000 or 6601.

General information related to this benefit program may be obtained by calling the Human Resources Office at ext. 6202.

Program types

1. Full-time Employees with at least two years of full time College service.

Such employees may borrow up to $4,500, interest free, for up to two years. The borrowed money will be repaid to the College through payroll deduction over two years (52 paydays) or sooner if requested.

2. Full-time Employees with less than two years of full time College service. (Must have successfully completed three month Orientation Period)

Such employees may borrow up to 2/3 of the purchase price of the item(s), interest free, for up to two years. The borrowed money will be repaid to the College through payroll deduction over two years (52 paydays) or sooner if requested.

Methods of Payment: Copies of all invoices, sales receipts, etc. for equipment purchased through this benefit and the original Notes and Security Agreements will be maintained on file in the Human Resources Office in the borrower's personnel file.

1. Paid in full

Provide an original receipt or invoice of the purchase to the Human Resources Office. Reimbursement will be made directly to the employee.

2. On order/Quote

Provide a copy of the original invoice or quote (must be on official company invoice/letterhead) for the equipment on order to the Human Resources Office. Payment will be made directly to the supplier.