Possible change to loan repayment terms

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Possible change to loan repayment terms

Postby mattm503 » Tue Nov 13, 2012 11:20 am

I am hoping one of the financial aid experts could give me their thoughts on something. I have recently posted a petition on the government's website asking for a policy change that would allow those with financial aid to repay their loans using pre-tax money. Essentially, this would work as a payroll deduction prior to assessing taxes. The full petition is here:

https://petitions.whitehouse.gov/petiti ... s/thV3bJXr

My question is one of hindsight. Is this even legally possible with tax laws and the current financial aid structure? Just curious.
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