Finance

Mistakes I’ve Made, Lessons I’ve Learned…Wisdom from a Second-Year VISTA


Marissa Pherson, AmeriCorps VISTA
A second-year VISTA and new blogger shares her thoughts with new members of her team.
Over-communicate with everyone! In the beginning, I didn’t communicate enough with off-site program staff. They’re super busy and may not be easy to get in touch with, but be persistent and do your part.

Income Based Repayment and Public Service Loan Forgiveness are Here!


Anne.Oeldorf's Flickr Photostream
The College Cost Reduction and Access Act of 2007 officially goes into effect today, July 1st, and income-based repayment (IBR) applications are now available from many major lenders, including the U.S. Department of Education.
According to IBRinfo.org, you should contact your lender directly to apply for IBR.

What Happened to Getting Rid of the Taxes on the Education Award?

When the various bills that became the Edward M. Kennedy Serve America Act were in play, there was talk about eliminating the taxes from the Segal AmeriCorps Education Award.

In case you are new to national service, the education award is the post-service benefit received by AmeriCorps and VISTA members that can help them pay for educational expenses and/or student loans. It’s considered taxable income.

It was never the Kennedy bill but rather a separate bill introduced by Senator Dodd of Connecticut that ...

Low-Income, High-Debt Program for Student Borrowers Starts in July

When I first heard about the Public Service Loan Forebearance (PSLF) program that cancels student loan debt after 10 years for nonprofit workers, I wasn't that excited. My thinking was that many student loans are on a 10 or 15 year repayment schedule and the savings wouldn't be that substantial.

I changed my tune big time when I learned about a second program called Income-Based Repayment ...

Corps Finances: The Problems of Unbanked and Underbanked

Barriers to banking are highlighted in results of an FDIC survey published earlier this year, with implications for corps members and the communities they serve.

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