My question involves labor and employment law for the state of: Virginia
I worked for Company A for 2 years, during that time I was also a student. Company A had a tuition reimbursement program where I would front the tuition costs, then once a "C" or better grade was achieved they would reimburse me for the tuition costs. In the Tuition Reimbursement Agreement, which I signed, it stated that if I left Company A for any reason prior to two years from degree completion (i.e. received degree in 2012, resigned in 2013), I would have to return any reimbursement I received. The agreement did NOT address any repayment terms, interest, repayment due date, etc.
I resigned from Company A with $3,000+/- in tuition reimbursement and started to make monthly payments of $100. I did this on my own accord. I was never officially invoiced or given another contract to sign which included repayment terms, etc.
In February, Company A sent me a letter stating that as of March, 7.21% interest would be applied to the outstanding balance and I HAD to make payments of $252.26 per month to have a zero balance by December of 2015.
Can they legally charge me interest and demand a repayment date even though neither where stated in, nor agreed to, in the original agreement? I have attached the original agreement.
If this question belongs in a different sub-forum please let me know or have a moderator move it. Thanks.
Thank you for your time,
Frustrated
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