Total loan repayment contract?

Started by PharmLife4Me
Get help with your application

Use all the free resources available to you from SDN: articles, guides, expert advising, forums discussions, and school research.

Browse articles Compare schools My application plan Read Interview Feedback
Practice for interviews Ask an Advisor
PharmLife4Me

PharmLife4Me

Full Member
10+ Year Member
This post may be somewhat redundant to others previously posted, but a friend of mine just signed a 5 year contract with a company that paid off his loans including a sign on bonus and very generous salary. Are there many opportunities for graduates to sign contracts and have their loans completely paid off? Let's say that the graduate would work in any given location.
 
Some federal jobs still have loan repayment. There is no contract, but the longer you stay, the more they pay. The packages depend on your loan amount, but can be up to 60k in the highest bracket. However, this program is being slowly phased out, with many federal jobs not having it anymore.
 
I think most of these offers have caps but if what your friend said is true then it's probably not too common
 
far from the norm - (using my best old man voice" back in 2004 when I graduated and worked in crap hole middle of nowhere rural downstate Illinois they offered 45k sign on bonus (~30k after taxes) for a 3 year comitment. That was the highest at the time. So to offer complete loan forgivness is very very rare if he is telling you the truth
 
Does your friend have to go to somewhere extremely undesirable, i.e. northern tip of Alaska or a war zone?
 
You must log in or register to reply here.