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Browse Student Loan Repayment Articles

  • +3

    Student Loan Repayment Overview

    Student Loan Repayment Overview
    Federal agencies are permitted to repay federally insured student loans as a recruitment or retention incentive for candidates or current employees of the agency. Student loan repayment is considered a selective benefit and agencies do not provide to every employee. Eligible Loans Student loans are eligible if they are insured by the federal government under the Higher Education Act of 1965 ...
    Rated: +3
  • +2

    List of Student Loans Eligible for Repayment

    The loans listed below are eligible for repayment under the Federal Student Loan Repayment Program: Federal Family Education Loans (FFEL) * Subsidized Federal Stafford Loans * Unsubsidized Federal Stafford Loans * Federal PLUS Loans * Federal Consolidation Loans [gate] William D. Ford Direct Loan Program (Direct Loans) * Direct Subsidized Stafford Loans * Direct Unsubsidized Stafford Loans * Direct PLUS Loans ...
    Rated: +2
  • +2

    Student Loan Repayment Eligibility

    Any employee (as defined in 5 U.S.C. 2105) who is highly qualified is eligible to receive a student loan repayment, except those employees who currently occupy or will occupy a position excepted from the competitive service because of its confidential, policy-determining, policy-making, or policy-advocating character (e.g., employees serving under Schedule C appointments). Under 5 CFR 537.104, agencies may offer loan repayment ...
    Rated: +2
  • +1

    Agency Student Loan Repayment Plans

    Under 5 CFR 537.103, each agency must establish a plan that designates the officials who are authorized to review and approve offers of student loan repayment benefits. Agencies should use approval delegations similar to those used for other recruitment and retention incentives. Agency Tailoring Agencies may tailor their student loan repayment plan as they see fit in order to facilitate the ...
    Rated: +1
  • Rate

    Service Agreements

    Employees must commit to work for a specified amount of time. Most service requirements must be set for a period of time not less than 3 years. Beginning Period Agencies should specify the beginning date of the service requirement in the candidate’s or employee’s service agreement. The service requirement begins at the time specified in the service agreement, but may begin ...
  • Rate

    Employee Reimbursements

    Reimbursement Amount If an employee voluntarily separates from Federal service and does not complete the terms of the service agreement, he or she is obligated to reimburse the paying agency for the full amount of the loan repayment benefits provided (gross before any tax deductions from the loan payment). For example, if an employee’s agreement states that he or she ...
  • +4

    All Government Benefits Explained

    All Government Benefits Explained
    Employees of the US Government often enjoy benefits packages unparalleled by those offered in any other profession. The wide range of benefits available to federal employees goes way beyond insurance and retirement; these perks include job security, outstanding 'family friendly' health insurance and retirement plans, and steadily accumulating raises. You may be surprised to learn that federal government jobs - after ...
    Rated: +4
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