Posts tagged ‘student_loans’

What jobs are considered "public utilities" under the legislation of forgiveness loan new student?

My commander is an accountant, I was wondering what exactly accounting jobs are considered public services. Does that mean just working for the government or is it more accurate?

It's one of those programs that is really great on paper, but when you understand how it is worthless it seems a bit strange, they even mention it. First, you must pay on the loan for 10 years before you qualify for forgiveness of the remaining balance … and since all the federal loans are placed on a payment plan 10 years (120 payments) of your loan will be repaid the month you are eligible for get forgiven. Pretty stupid eh? You get it working to your advantage by taking a job very poorly paid and choosing a payment plan to reflect this … Of course, you can starve for 10 years and at the end were approximately $ 20 forgiven because that's all you need, after have paid on this for 10 years. Anyway, for public service "if you are employed in certain positions in public service and made 120 payments on your Direct Loan (after October 1, 2007), the balance that you may be forgiven. Only payments made under reimbursement plans some may be counted in the 120 required payments. You should not be in default loans that are forgiven. "For the purposes of the Public Public Forgiveness Loan Program, the term "public service organization" – A federal, state, tribal or government organization; local agencies, or entity (including most public schools, colleges and universities); childcare or public service agency A, A non-profit organization under section 501 (c) (3) of the Internal Revenue Code that is exempt from tax under section 501 (a) Internal Revenue Code (including most non-for-profit private schools, colleges, and universities) A tribal college or University, a private organization that is not a for-profit business, trade union, a partisan political organization, or organization engaged in religious activities (unless the qualifying activities are unrelated to religious instruction, worship services, or any form of proselytism) and provides the following services to the public – emergency management, military service, public safety, law enforcement, utilities interest law, Education Early Childhood (including licensed or regulated health care, Head Start and state-funded pre-kindergarten); public service for the disabled and the elderly, public health (including nurses, nurse practitioners, nurses in clinical settings, and full-time professionals engaged in care practitioner occupations and health care support occupations health), education public, public library services and the school library or other school-based services.