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Post by traceb on Sept 29, 2009 10:14:05 GMT -5
I am under the impression, for some reason, that SSA has some type of incentive program regarding student loans. They will pay up to $10,000.00 per year up to $60,000.00 total for any one individual toward outstanding student loans. Anyone know about this or am I dreaming?
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Post by aaa on Sept 29, 2009 10:37:38 GMT -5
It has not ever been funded by SSA, at least to my knowledge.
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Post by valkyrie on Sept 29, 2009 10:55:53 GMT -5
I am under the impression, for some reason, that SSA has some type of incentive program regarding student loans. They will pay up to $10,000.00 per year up to $60,000.00 total for any one individual toward outstanding student loans. Anyone know about this or am I dreaming? I have kept an eye on that in the forlorn hope that, like AAA said, it would eventually be funded. No dice so far as I know.
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Post by traceb on Sept 29, 2009 10:59:42 GMT -5
I know I read it. I'm not imagining this. It was very specific saying that it is a program designed as an incentive to attract and retain quality employees. Now I can't find it.
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Post by aaa on Sept 29, 2009 11:46:23 GMT -5
You are correct, the program does exist and you did read it. However, since SSA has never funded it, you can't get it. I dreamed of that for a long time and figured as soon as I included the balance of my student loan in a consolidated pay off that it would go into effect for SSA but it never has.
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Post by decadealj on Sept 29, 2009 14:52:31 GMT -5
Classic government two-step: create a program or remedy but don't fund it. Kind of like the 2.7 SSA trillion trust fund, I read about from the gullible press.
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Post by noah on Sept 29, 2009 15:12:13 GMT -5
Why in the world should American taxpayers pay for someone else's student loans?
Especially for someone who is making more than 6 figures?
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Deleted
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Post by Deleted on Sept 29, 2009 15:20:36 GMT -5
Prior to coming to SSA, I was with the VA, and their loan assistance program was actually funded and in effect. It was competitive and hard to get, and seemed capped at $10,000 total, but it was there. Not so much with SSA, I guess. On the student loan front, I did find some good news not long ago. There is a new "Public Service Loan Forgiveness" loan repayment program which (in summary) allows someone working in 'public service' to make income dependent payments for ten years and then discharge the remaining balance. Apparently, as employees of a Federal Agency we qualify as 'public service.' Depending on your income, it could be a good deal...or not. Here's the link... studentaid.ed.gov/students/attachments/siteresources/LoanForgivenessv4.pdfalso: studentaid.ed.gov/PORTALSWebApp/students/english/PSF.jspR
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Post by southeastalj on Oct 2, 2009 20:38:56 GMT -5
Why in the world should American taxpayers pay for someone else's student loans? Especially for someone who is making more than 6 figures? Because some of us took paycuts to become ALJ's and the purpose of the program is to provide an additional benefit in leaving the private sector and joining the government.
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