wonk Posted October 14, 2012 Share Posted October 14, 2012 Hi guys, I've heard about some jobs offering loan repayment incentives with a lower base salary and that the pros of this is that the loan repayment money is non-taxed - thus potentially lowering one's tax bracket a notch. I'd like to do some research on this topic and ask the forum for advice before I approach my SP to discuss since my SP does all the billing/accounting for the practice on her own. I hope it's a win/win scenario. Any info/ideas/links would be much appreciated! Link to comment Share on other sites More sharing options...
JustPassing Posted October 17, 2012 Share Posted October 17, 2012 If you all wouldn't mind shedding light on my question as well as Wonk's I believe someone told me the other day that private loans are more difficult to receive repayment on by employers than federal loans. Is this correct? Link to comment Share on other sites More sharing options...
DSCLegend Posted October 26, 2012 Share Posted October 26, 2012 Google NHSC loan repayment. My salary and benefits were competitive, so don't settle for lower pay. Link to comment Share on other sites More sharing options...
LESH Posted October 26, 2012 Share Posted October 26, 2012 Hope this helps: http://nhsc.hrsa.gov/loanrepayment/ http://nhsc.hrsa.gov/loanrepayment/stateloanrepaymentprogram/index.html Link to comment Share on other sites More sharing options...
LESH Posted October 26, 2012 Share Posted October 26, 2012 Check out the NHSC. All of the grads (about 21) I know that got loan repayment had salaries that were competitive for Primary Care positions in our area. Link to comment Share on other sites More sharing options...
joanna.nola Posted November 16, 2012 Share Posted November 16, 2012 I'm starting at a FQHC soon and my salary is actually a bit hirer than the region. Don't settle for less!!! NHSC funding is NOT guaranteed. They CANNOT use loan repayment to offer you less. But I actually think the OP is asking a different question. He's wondering if a private employer (not NHSC qualified) can offer tax-free loan repayment in combo with a salary. Ie pay you 70K plus 20K loan repayment instead of a 90K salary so that you are in a lower tax bracket and pay less tax. I'm not sure if that would actually work. Seems like a sneaky workaround to me, so kind of doubt it. And my understanding for NHSC is that the money is taxed. Am I wrong on that? Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.