The Income Contingent Repayment Plan (ICR) is designed to help students destined for low salaries (because of careers in nonprofit organizations or public service) pay off their student loans. The ICR plan tailors your monthly payment based on your income, family size and amount borrowed, but here are some additional points you might want to take note of when trying to understand the ICR.
Friday, December 9, 2011
Tuesday, August 30, 2011
Offset Bypass
I found out about something called Offset Bypass Refunds; under certain limited circumstances where "significant financial hardships" exsist manual refunds may be issued without first satisfyingt outstanding tax liabilities. I found out that you use forms 5792 and 3753 and provide proof of your hardship. I could not find the forms and I do not know how to do it so I will gather my proof and go to a tax professional.
Tuesday, February 15, 2011
Update
It has been a long time since my last post. I have good news. My new employer pays tuition! Yeah!
Subscribe to:
Posts (Atom)