Quote:
Originally Posted by Mike in SW-MO
If the program is loan forgiveness, then you should take option #1. You borrowed the money and you owe it. You should pay it back.
If the program is contracted benefit to attract a qualified employee, then go modified option 2 with payoff cash in an account ready to go. Debilitating injury/illness in year 4 would really stink. If this is from a locality watch out for severence right before they have to pay out.
I am big fan of free market. If they need that incentive to attract good people then go for it. If that is part of her compensation package, then she deserves every penny.
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The program is designed to get people to go into high-need areas, such as special education, math, and science, and it's especially targeted at high need schools as well. So yes, it's an incentive program. However, it didn't make any difference in her choice of school for the most part. She gets a kick out of helping the kids who need it most.
Still, I couldn't care less whether she "deserves" it or not. As I mentioned earlier in the thread, I'm not a huge fan of stuff like this, but I pay for it in my own taxes, so I'm sure as hell not going to say no if it's to my financial advantage.