3 Documents Everyone in Government and Nonprofit Services Needs Right Now
As anyone who has ever resisted the warm glow of the "hot, fresh, now" sign on a Krispy Kreme donut shop can attest, freshness counts! To that end, the Department of Education has recently updated its Employment Certification Form for Public Service Loan Forgiveness and we want you to have the "freshest" forms available. With this form, folks in government and 501(c)(3) nonprofit service* can get that warm and fuzzy feeling that will come from the government saying “yes, your employment qualifies" and “yes, you made x number…
New Brochure Helps Explain Service Members’ Federal Student Loan Benefits
U.S. military service is certainly not for the 'faint of heart.' From yearlong deployments away from family and friends, to missed birthdays, holidays, and wedding anniversaries, to the inherent risks of military training and combat, it is among the most arduous jobs an American could volunteer to do. And yet, young men and women continue to answer their nation's call to service and for those sacrifices, we are grateful. With hard duty comes many federal educational benefits that service members and their families may…
TICAS Offers Clever Solutions to Make College More Accessible
There are lots of different kinds of student loans. Repayment options and forgiveness provisions are confusing for even the most informed. This past week, our friends at the Institute for College Access & Success, a nonprofit organization that works to make higher education more available and more affordable, released a report with recommendations including: reforms to simplify the federal aid application process, ways to streamline federal loan repayment options, improvements to student loan counseling, and methods to help borrowers in…
Student Loans and “The Tax Man”
Started getting those tax docments arriving in the mail? Remember that the income-driven repayment plans (like Income-Based Repayment and Pay As You Earn) limit a borrower's student loan payments to an affordable level given his or her income. Monthly payments are determined based on the borrower’s Adjusted Gross Income (AGI) and family size. To maximize the allowable reductions or adjustments from your total income: • Save for retirement. The best way to boost your adjustments is to save for retirement. Try…
Does international employment qualify for Public Service Loan Forgiveness?
Student loan borrowers want to know: "does international employment qualify for Public Service Loan Forgiveness?" As with most questions, the answer is a resounding "it depends". Nothing in the statute or regulations says that a student loan borrower must sit at a desk located in the United States of America, but if you are working abroad and looking for Public Service Loan Forgiveness, you'll need to work for the U.S. Federal Government or a U.S. 501(c)(3). Here's the deal about which international jobs qualify and which don't:…
