Woo Hoo...Student Loan Forgiveness for Federal Employees!

According to the Federal Diary, public service employees will have the opportunity to qualify for student loan forgiveness under a loaw signed by President Bush last week. From what I gather you would have to slave away for 10 years and make your loan payments (from October 1, 2007--it is not retroactive), and, then, your outstanding balance would be forgiven. That's what I gather, anyway. This is a good thing for those who will remain in public service for at least 10 years. I have no idea what I will be doing, and it is highly unlikely that I will be in public service for 10 more years. But, for the first time in forever, I almost for a split second was happy to be a federal employee.

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