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Originally Posted by Unregistered
Hi. I am in a similar position trying to break my bond. The contract states that the 10% pa interest accrues on the total amount of monies which have been paid or expended by the sponsoring organization on account of the scholar. Anyone knows if this only includes the 30k grant or the organisation will include all kinds of other cost (say randomly inflated by 10k for "expenses")?
I know I should ask the company but I am afraid I cannot pay the extra cost and I will be blacklisted for asking.
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Have you started serving or still an undergrad? Could you give an example of these expenses so we can differentiate and establish a base amount? For e.g. living allowance, hostel allowance, computer allowance, exchange allowance? Or all these allowances all included within the $30K?