Rates are increased each year to account for interest on accrued interest amounts outstanding for longer than one year h Forgiven principal and interest are taxable as income and subject to appropria ID: 91313
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Eligibility a. Eligibility is limited to tenured Rates are increased each year to account for interest on accrued interest amounts outstanding for longer than one year h. Forgiven principal and interest are taxable as income and subject to appropriate withholding i. Faculty may select to have withholding on forgiven amounts spread over several paychecks (up to six months) provided that all withholding occu Forgivable Loan Examples Assumptions: Long-term