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Law Grants Student Loan Forgiveness for Federal Employees
washington compost Page D04 ^ | Friday, September 28, 2007; | By Stephen Barr

Posted on 10/26/2007 6:13:12 AM PDT by meandog

Public service employees -- federal workers, soldiers, nurses, firefighters and others -- will have an opportunity to qualify for student loan forgiveness under a law signed by President Bush yesterday. The law forgives outstanding education debt for public service employees who have made 10 years of monthly payments on their loans while serving full-time in government, public education or other positions related to public service.

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Culture/Society; Extended News; Government
KEYWORDS: atlasshrugged; betterthanyou; bushbreak; federalemployees; publicempolyees; studentloans
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To: meandog

Just paying the bills Americans don’t want to pay.


41 posted on 10/26/2007 7:25:12 AM PDT by oh8eleven (RVN '67-'68)
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To: meandog

So the kids who don’t work for the gummint get to pay for those who do. Good plan.


42 posted on 10/26/2007 8:31:47 AM PDT by Right Wing Assault ("..this administration is planning a 'Right Wing Assault' on values and ideals.." - John Kerry)
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To: edcoil

Very sad, the abuse of the American Way.


43 posted on 10/26/2007 8:48:48 AM PDT by monkeyshine
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To: meandog; All

The bloated and pampered “public” sector takes even more cash from the taxpayers and on what basis of greater “need” than anyone else????


44 posted on 10/26/2007 11:30:57 AM PDT by Wuli
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To: meandog

Once again, the govt punishes those who play by the rules. A similar, if much smaller, thing happened with the Dept of Ag a few years ago. Farm program payments were sent to participating farmers, including me, but the govt later claimed the payments were too big and demanded partial repayment. Like a good dupe, I sent the overage back. After a year of demanding the money, the govt “forgave” the debt to the ones who hadn’t paid. Moral: Be a bum.


45 posted on 10/26/2007 11:38:51 AM PDT by ozzymandus
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To: donmeaker
One wonders how the Republicans just disappeared.

Compromise is a slippery slope. Republican "leaders" allow themselves to be fooled into believing compromise is the path to success. Before they know it, there's just no way back up to the top...

46 posted on 10/26/2007 11:41:20 AM PDT by EternalVigilance (With "Republicans" like this, who needs Democrats?)
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To: meandog

No Bureaucrat Left Behind.


47 posted on 10/26/2007 11:42:29 AM PDT by EternalVigilance (With "Republicans" like this, who needs Democrats?)
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To: businessprofessor

“This law is just another entitlement. The rat plan is to make higher education an entitlement at least for government workers.”

Actually, the way things are going, college will only be for government workers, their children and the really rich. The rest of us peons are being turned into a slave class to serve our betters, steal our money, and corrupt our children. For our own good, of course.

RINO’S, who needs them. Cast them over for the offal they are.


48 posted on 10/26/2007 3:53:19 PM PDT by TruthConquers (Delendae sunt publici scholae)
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To: Wuli

Pensions and early retirement health care are one of the biggest separators of the public sector from the private sector. The defined benefit pensions of many states are just raining deferred compensation. The most frustrating point is that the rat legislators and public employee unions keep crying poor man.

Here is a a summary of a study that I finished in the summer. The amount of deferred compensation for Colorado public employees is stunning.

http://www.i2i.org/articles/IB-2007-D.pdf


49 posted on 10/26/2007 4:34:10 PM PDT by businessprofessor
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To: businessprofessor

What’s left of Equal Treatment Under The Law goes out the window.

I cannot understand why democrats would even consider impeachment against Bush.
He is instituting leftist policies a democrat president couldn’t get past republicans in congress without a bloody fight.


50 posted on 10/26/2007 4:42:24 PM PDT by Iron Munro (Suppose you were an idiot, and suppose you were a member of Congress; but I repeat myself.)
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To: meandog

Just another reason to vote libertarian.

-BTW, not all Libertarians are doves, many are strong on Natl Defense; check them out...


51 posted on 10/26/2007 5:22:07 PM PDT by 4Liberty (U.S. tax laws are enforced, Immigration laws aren’t = global tax)
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To: NonValueAdded

NonValue,
The GI Bill provides college subsidies (financial aid) to military veterans. Your claim that “veterans are spared repayment of education loans so we should thank Bush” and should support this outcome is therefore questionable.


52 posted on 10/26/2007 5:36:57 PM PDT by 4Liberty (U.S. tax laws are enforced, Immigration laws aren’t = global tax)
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To: meandog

Yep...... Bush and the Congress gives more entitlements....

Jul 11, 2007: This bill passed in the House of Representatives by roll call vote. The totals were 273 Ayes, 149 Nays, 9 Present/Not Voting.
House votes: http://www.govtrack.us/congress/vote.xpd?vote=h2007-613

Jul 20, 2007: This bill passed in the Senate by roll call vote. The totals were 78 Ayes, 18 Nays, 4 Present/Not Voting.
Senate votes: http://www.govtrack.us/congress/vote.xpd?vote=s2007-272


53 posted on 10/26/2007 5:48:22 PM PDT by deport (>>>--Iowa Caucuses .. 72 days and counting--<<< [ Meanwhile:-- Cue Spooky Music--])
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To: meandog

Ahhh! so now of you become a member of the King’s court..special laws, special priveledges, special interest rates...special loan forgiveness programs...WHOSE watching over the government?!!!King George!!


54 posted on 10/26/2007 5:53:32 PM PDT by mo
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To: 4Liberty
If you are going to quote me, quote me correctly. Who do you think you are, Harry Reid? Where in my post is that quoted text? Where is any mention of thanking Bush? The gist of my thread was that the cheese doesn't stand alone. Congress - both republican and democRAT - are the worst spenders. In many cases a President has to go along because they cannot veto everything. GWB is not up for re-election but ALL of the House is and a third of the Senate. Let's focus the spending anger on them, epsecially if they originated the spending.

And my point about LEO and military was simply that they give value for their public service and I'll defend that statement to the death. If there is to be any federal benefit for them, GI Bill, pay raises, or loan forgiveness after 10 years, then that is spending I can support. Not benefits for the under assistant deputy for mouse trap grants. Consider too that the 10 year service requirement prolly means that there is a retention goal. And again, that is important for the military. Chances are that's the bone that was thrown to the pubbies. I didn't thank GWB for that but it is a part of the bill that has some actual purpose to it.

Lord knows I screw up enough on my own. But please don't misquote me again or you will find your post for sale on eBay. Will you be twice the man as Harry and apologise? (Or thirce the lady as Nancy if appropriate).

55 posted on 10/26/2007 6:30:39 PM PDT by NonValueAdded (Fred Dalton Thompson for President)
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To: businessprofessor

We need legislation in all states that either puts all public employee pensions on a defined contribution basis or barring that:

to rights to a full pension at an age no higher than the median age at which non-governmental employees retired in the previous year;

for a pension amount not higher than the median pension (adjusted for income) that non-governmental employees retired in the previous year;

and with future pension increases scheduled to be given at a rate not higher than the median of such increases (if any) scheduled to be given to non-governmental employees retired in the previous year.

To my mind, we need a revolution that returns all existing (now being paid) governmental pensions to those standards.


56 posted on 10/27/2007 9:06:14 AM PDT by Wuli
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To: rawhide
What about the employees who sacrificed to pay these loans off early? Will they get a rebate?

The government is all about rewarding nare do wells. The guy who does what he should gets zip. This really stinks. Fed employees are already making more and getting more benefits than any one in the private sector, and then it takes an act of God to get rid of on of them. But gotta keep those worthless employees the sheep they are!

57 posted on 10/27/2007 9:13:00 AM PDT by AuntB (" It takes more than walking across the border to be an American." Duncan Hunter)
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To: Wuli

I fully agree but good luck in passing such laws. There is a group in California trying to put similar legislation on the ballot. This group has a daunting job to get the petition on the ballot and then to pass it.

We do not have an unfunded liability problem. We have a compensation problem. In many states, public employees are receiving on average hundreds of thousands of dollars of hidden deferred compensation. We need full and clear disclosure of public employee compensation with sensible limits on public employee compensation.


58 posted on 10/27/2007 9:13:41 AM PDT by businessprofessor
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To: businessprofessor

“I fully agree but good luck in passing such laws.”

I said we need a revolution and I meant it.


59 posted on 10/27/2007 9:22:42 AM PDT by Wuli
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To: businessprofessor

“We do not have an unfunded liability problem.”

Some states (mine, NJ) and more than a few local and county governments do have major unfunded liabilities, due to their huge defined benefit compensation plans.


60 posted on 10/27/2007 9:24:41 AM PDT by Wuli
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