of 20-25 groups Im familiar with, ZERO payback loans. Of all the HMOs I know, none do.
It doesnt matter though. The IRS cracked down on loan forgiveness of all sorts and its considered taxable income regardless. I love how the government screws the little guy...time and time again.
Meanwhile Ibankers found a loop where they can declare their fees as capital gains and only 15% EFT rather than the 35% EFT we all pay in the 150+ bracket.
Before a salary of 150K and 50K of loan forgiveness was >>>200K salary, now they are equivalent.
Educational loans are really a total screw job. Figuring for every 1 buck you borrow, you need to earn 2 dollars to pay down the principal and another 2 bucks to pay off the compounding interest on a 30 year fixed, thats a ratio of 4:1. 200K borrowed today will cost you 800K in income down the road.
