Short note from Di Mortui Sunt:
Got student loans? Did you know that the Federal government is changing the rules on the direct loans they give to students? The two big changes are debt forgiveness, for those who meet certain guidelines, and new income based repayment plans. If you’re about to get loans, you might want to wait til after July 10, when the new rules go into effect as the interest rate will be dropping and the size of the Pell Grant will increase. Overview here and the official site here.
Official information from the U.S. Department of Education here. You may want to check with the financial aid office at your college, too. Gather ye lots of information while the gathering is good.
Millard Fillmore's Bathtub 
Students are the basis of the future working force of any country and I think it is just right to equip them with the necessary things for them to maximize their potentials and that is throught providing them affordable loans.
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I wish there would be an option for non-recent graduates–
If loans are over 20 years old, there was maybe a forgiveness program for teaching urban elementary schools. But, I’ve never seen any help for those teaching at community college level; working in under-served or frontier areas; working for public agencies or non-profits (such as tribal governments or tribal non-profits); working in economically distressed areas; earning less than 20,000 per year; whatever.
In early Bush years (I think) there was elimination in IRA (401K) early withdrawal penalties if the money was used for children college payments or to buy a new house but not for food, rent, or medical expenses when unemployed. The Bush economic stimulus (all $300) was sucked up in paying off the IRS penalties which are 10% of the cashed in IRA.
Michelle Obama reads the Bathtub, right? Maybe there’s hope for change.
P.S. – Sorry, forgot to tell you great post!
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I wish there would be an option for non-recent graduates–
If loans are over 20 years old, there was maybe a forgiveness program for teaching urban elementary schools. But, I’ve never seen any help for those teaching at community college level; working in under-served or frontier areas; working for public agencies or non-profits (such as tribal governments or tribal non-profits); working in economically distressed areas; earning less than 20,000 per year; whatever.
In early Bush years (I think) there was elimination in IRA (401K) early withdrawal penalties if the money was used for children college payments or to buy a new house but not for food, rent, or medical expenses when unemployed. The Bush economic stimulus (all $300) was sucked up in paying off the IRS penalties which are 10% of the cashed in IRA.
Michelle Obama reads the Bathtub, right? Maybe there’s hope for change.
LikeLike