Reader Question: Federal Student Loan Repayment Program
Q: I was recruited for my job with the promise that some of my student loans would be repaid by the agency I work for. I've noticed on my pay stubs that I am paying taxes on this. Is that correct? A: First, congratulations on the job! To answer your question, the federal student loan repayment program does allow agencies to repay federally insured student loans as a recruitmentÂ incentive for job candidates. The program authorizes agencies to set upÂ their own student loan repayment programs to attract or retain highly...
US Department of Health and Human Services Education Benefits
The United States Department of Health and Human Services, like many federal agencies, offers education benefits designed not only to provide financial assistance but to offer valuable experience. In many cases, these benefits are extended not only to agency employees, but to anyone who meets the qualifications. Please note that qualification requirements for these benefits may change over time. Contact the agency directly with any questions or to apply. Extramural Clinical Research Loan Repayment Program for Individuals...
Federal Pay Frozen in 2012
After receiving a 3.5% pay increase in 2008, a 3.9% raise in 2009 and a 2% increase in 2010, federal employees have seen their pay frozen for two years. Federal employees can still receive bonuses and get a pay increase if they earn a promotion. The House has recently voted to continue the pay freeze through 2013, saying it would save taxpayers $26 billion.Â The proposed budget put forth by President Obama last week calls for a 0.5% pay increase and 1.2% increase in retirement contributions.