http://www.myloansconsolidated.com/2010/01/26/obamas-new-student-loan-repayment-plan-saving-students-drowning-the-nation/ Wed, 25 Jan 2012 00:54:25 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.myloansconsolidated.com/2010/01/26/obamas-new-student-loan-repayment-plan-saving-students-drowning-the-nation/comment-page-1/#comment-4510 hotels in gurgaon Fri, 05 Feb 2010 06:55:55 +0000 http://www.myloansconsolidated.com/?p=2102#comment-4510 I was just wondering how they work, what you need to get one and how long you have to pay it back. Any extra details would be much appricated. I was just wondering how they work, what you need to get one and how long you have to pay it back. Any extra details would be much appricated.

]]> http://www.myloansconsolidated.com/2010/01/26/obamas-new-student-loan-repayment-plan-saving-students-drowning-the-nation/comment-page-1/#comment-4484 lawgraduate Tue, 26 Jan 2010 14:42:01 +0000 http://www.myloansconsolidated.com/?p=2102#comment-4484 Yes, but the amount forgiven after 20 years COUNTS AS INCOME and therefore taxes is due on that income. For many of us 6 figures in debt and now with low-paying jobs it essentially guarantees a tax liability of close to 6 figures, depending on income. That's how the gov't makes money back. It's just a shift of the debt burden. Yes, but the amount forgiven after 20 years COUNTS AS INCOME and therefore taxes is due on that income. For many of us 6 figures in debt and now with low-paying jobs it essentially guarantees a tax liability of close to 6 figures, depending on income. That’s how the gov’t makes money back. It’s just a shift of the debt burden.

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