Look into part-time jobs to assist in funding. The program pays an additional amount for tax assistance equal to 39 percent of the total amount of the loan repayment made for each taxable year. Practice is in a full-time salaried position at an approved Loan Repayment service site, with a minimum commitment of 2 years. LRP participants may enter into a service contract for two years. The LRP will pay an additional 31 percent annually to the Internal Revenue Service to offset the increased tax liability incurred by the participants.
Fees are low, and it's easy to join or roll over an existing plan.
Comprehensive record-keeping and compliance services, including 5500 form preparation, are provided by the Equitable Life Assurance Society.