Published
I went and talked to the financial aid director today about what the financial aid secretary told me. The director has been out a lot lately so the secretary been doing a lot of stuff for her. The director told me that she would inform the secretary of how the program works. It was an accident on the secretary part.
peaceful2100, BSN, RN
914 Posts
For those who read my first post about the loan forgiveness work commitment program and the taxes I asked a second person who would know more about it and she told me that there will not be that much taxes taken out. I orginially thought that they would take out 50% of $19,400 in taxes which would be $9,200 over 2 years because that is how the lady in financial aid explained it to me. Well it turns out that 50% of the $19,400 will be taxed so only $9,200 will be taxed over 2 years time which will resort to MUCH less. It will be about $50 taken out each pay period rather than $176 each pay period.
I was not going to let it rest until I spoke to someone who could tell me for sure 100%