healthmyths
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- Sep 19, 2011
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Public Service Loan Forgiveness (PSLF):
CCRAA authorizes a new "public service" loan forgiveness program, effective July 1, 2009. Physicians will be eligible for the program after 10 years of loan repayment while practicing in a "public service" job.
Only Direct Loans are eligible for forgiveness, but borrowers may consolidate other federal loans under a single Direct Consolidation Loan.
Physicians that participate in IBR could save over $160,000 on their total loan repayment.
https://www.aamc.org/advocacy/meded/79048/student_loan_repayment.html
How will these "public service" employees get paid?
Taxes.
Who pay taxes ? For profit organizations, individuals that work most for "for profit" organizations.
So if more and more people work for organizations that depend on taxes at some point there will be no more "for profits"...
Then what?
CCRAA authorizes a new "public service" loan forgiveness program, effective July 1, 2009. Physicians will be eligible for the program after 10 years of loan repayment while practicing in a "public service" job.
Only Direct Loans are eligible for forgiveness, but borrowers may consolidate other federal loans under a single Direct Consolidation Loan.
Physicians that participate in IBR could save over $160,000 on their total loan repayment.
https://www.aamc.org/advocacy/meded/79048/student_loan_repayment.html
How will these "public service" employees get paid?
Taxes.
Who pay taxes ? For profit organizations, individuals that work most for "for profit" organizations.
So if more and more people work for organizations that depend on taxes at some point there will be no more "for profits"...
Then what?
