RE: Student loan program

[Guest guest]

Loan forgiveness over a period based on how much money is involved was a popular

way 20 years ago. Loan forgiveness would be a $ amount forgiven every month

they worked for you. If they decide not to work for you, they pay back the

money with interest just like a regular loan. If they leave prior to the loan

being totally forgiven, the remaining amount is paid back with interest acquired

from the start of the loan. I found this to be effective in retaining new

employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: PTManager on behalf of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

Looking for last minute shopping deals?

Find them fast with Yahoo! Search.

http://tools.search.yahoo.com/newsearch/category.php?category=shopping

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[Guest guest]

We have done student loan repayement up to 50K paid off over 5-6 years. If the

employee leaves early, the remaining portion is paid back at 1% over prime. It

sounds like a lot of money, but how else do you get someone to move to Northwest

Iowa?

Anyone looking for a job ,

Normington

Cherokee, Iowa

________________________________

From: PTManager on behalf of Matt Dvorak

Sent: Fri 12/14/2007 2:04 PM

To: PTManager

Subject: RE: Student loan program

Loan forgiveness over a period based on how much money is involved was a popular

way 20 years ago. Loan forgiveness would be a $ amount forgiven every month they

worked for you. If they decide not to work for you, they pay back the money with

interest just like a regular loan. If they leave prior to the loan being totally

forgiven, the remaining amount is paid back with interest acquired from the

start of the loan. I found this to be effective in retaining new employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: PTManager <mailto:PTManager%40yahoogroups.com> on behalf

of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

Looking for last minute shopping deals?

Find them fast with Yahoo! Search.

http://tools.search.yahoo.com/newsearch/category.php?category=shopping

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping> >

[Guest guest]

Do you pay them a slightly reduced salary?

Bisesi MPT COMT

Winter Haven, Fl

--- " NORMINGTON, JEREMY L "

wrote:

> We have done student loan repayement up to 50K paid

> off over 5-6 years. If the employee leaves early,

> the remaining portion is paid back at 1% over prime.

> It sounds like a lot of money, but how else do you

> get someone to move to Northwest Iowa?

>

> Anyone looking for a job ,

>

> Normington

> Cherokee, Iowa

>

> ________________________________

>

> From: PTManager on behalf of Matt

> Dvorak

> Sent: Fri 12/14/2007 2:04 PM

> To: PTManager

> Subject: RE: Student loan program

>

>

>

> Loan forgiveness over a period based on how much

> money is involved was a popular way 20 years ago.

> Loan forgiveness would be a $ amount forgiven every

> month they worked for you. If they decide not to

> work for you, they pay back the money with interest

> just like a regular loan. If they leave prior to the

> loan being totally forgiven, the remaining amount is

> paid back with interest acquired from the start of

> the loan. I found this to be effective in retaining

> new employees.

> Matt Dvorak, PT

> Yankton, SD

>

> ________________________________

>

> From: PTManager

> <mailto:PTManager%40yahoogroups.com> on behalf of

> keith bisesi

> Sent: Fri 12/14/2007 10:59 AM

> To: PT group WCD; PT manager group

> Subject: Student loan program

>

> Hello all,

> I have a PTA who is planning to go on to PT school.

> I

> would like to offer her student loan forgiveness to

> keep her as a PT after she finishes as she is a top

> notch PTA for me currently. Do any of you have a

> contract or agreement model you could recommend?

>

> Bisesi MPT COMT

> Winter Haven, FL

>

>

__________________________________________________________

> Looking for last minute shopping deals?

> Find them fast with Yahoo! Search.

>

http://tools.search.yahoo.com/newsearch/category.php?category=shopping

>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

>

>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping

>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

> >

>

> [Non-text portions of this message have been

> removed]

>

>

>

>

>

________________________________________________________________________________\

____

Be a better friend, newshound, and

know-it-all with Yahoo! Mobile. Try it now.

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[Guest guest]

No. Full salary with normal earned increases.

Normington,

Cherokee, Iowa

________________________________

From: PTManager on behalf of keith bisesi

Sent: Fri 12/14/2007 5:49 PM

To: PTManager

Subject: RE: Student loan program

Do you pay them a slightly reduced salary?

Bisesi MPT COMT

Winter Haven, Fl

--- " NORMINGTON, JEREMY L "

<jeremy.normington@... <mailto:jeremy.normington%40cuw.edu> > wrote:

> We have done student loan repayement up to 50K paid

> off over 5-6 years. If the employee leaves early,

> the remaining portion is paid back at 1% over prime.

> It sounds like a lot of money, but how else do you

> get someone to move to Northwest Iowa?

>

> Anyone looking for a job ,

>

> Normington

> Cherokee, Iowa

>

> ________________________________

>

> From: PTManager <mailto:PTManager%40yahoogroups.com> on

behalf of Matt

> Dvorak

> Sent: Fri 12/14/2007 2:04 PM

> To: PTManager <mailto:PTManager%40yahoogroups.com>

> Subject: RE: Student loan program

>

>

>

> Loan forgiveness over a period based on how much

> money is involved was a popular way 20 years ago.

> Loan forgiveness would be a $ amount forgiven every

> month they worked for you. If they decide not to

> work for you, they pay back the money with interest

> just like a regular loan. If they leave prior to the

> loan being totally forgiven, the remaining amount is

> paid back with interest acquired from the start of

> the loan. I found this to be effective in retaining

> new employees.

> Matt Dvorak, PT

> Yankton, SD

>

> ________________________________

>

> From: PTManager <mailto:PTManager%40yahoogroups.com>

> <mailto:PTManager%40yahoogroups.com> on behalf of

> keith bisesi

> Sent: Fri 12/14/2007 10:59 AM

> To: PT group WCD; PT manager group

> Subject: Student loan program

>

> Hello all,

> I have a PTA who is planning to go on to PT school.

> I

> would like to offer her student loan forgiveness to

> keep her as a PT after she finishes as she is a top

> notch PTA for me currently. Do any of you have a

> contract or agreement model you could recommend?

>

> Bisesi MPT COMT

> Winter Haven, FL

>

>

__________________________________________________________

> Looking for last minute shopping deals?

> Find them fast with Yahoo! Search.

>

http://tools.search.yahoo.com/newsearch/category.php?category=shopping

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping> >

>

>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

>

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping> >

> >

>

> [Non-text portions of this message have been

> removed]

>

>

>

>

>

__________________________________________________________

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know-it-all with Yahoo! Mobile. Try it now.

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[Guest guest]

I hate to sound like a pessimist; but, I don’t consider student loans a

reliable recruiting tool.

Sounds great on the surface but therapists experience so many unique

experiences in school and they see a world of opportunity and offers at

graduation. Also, you may not have an opening at their time of graduation

or they may just decide to leave with a cheap loan that can be picked up by

another firm as a sign on. You may get hurt also by holding a slot open

for this person and they decide to not take it and not let you know until

it’s become a critical fill for you.

I am sure student loans can be structured well but do you want an employee

who wants to be working somewhere else. If I did structure it, I would

make it closer to graduation when the student is more set in career

directions. It’s a great concept but the graduates have screwed over too

many employers on it.

Steve Passmore PT

CEO Healthy Recruiting Tools

HYPERLINK " mailto:spass@... " spass@...

HYPERLINK " http://www.healthyrecruiting.com/ " www.HealthyRecruiting.com

" What we did for you yesterday is history.... What can we do for you today "

From: PTManager [mailto:PTManager ] On Behalf

Of NORMINGTON, JEREMY L

Sent: Friday, December 14, 2007 2:40 PM

To: PTManager ; PTManager

Subject: RE: Student loan program

We have done student loan repayement up to 50K paid off over 5-6 years. If

the employee leaves early, the remaining portion is paid back at 1% over

prime. It sounds like a lot of money, but how else do you get someone to

move to Northwest Iowa?

Anyone looking for a job ,

Normington

Cherokee, Iowa

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager on behalf of

Matt Dvorak

Sent: Fri 12/14/2007 2:04 PM

To: HYPERLINK " mailto:PTManager%40yahoogroups.com " PTManager

Subject: RE: Student loan program

Loan forgiveness over a period based on how much money is involved was a

popular way 20 years ago. Loan forgiveness would be a $ amount forgiven

every month they worked for you. If they decide not to work for you, they

pay back the money with interest just like a regular loan. If they leave

prior to the loan being totally forgiven, the remaining amount is paid back

with interest acquired from the start of the loan. I found this to be

effective in retaining new employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager

<mailto:PTManager%40yahoogroups.com> on behalf of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

Looking for last minute shopping deals?

Find them fast with Yahoo! Search. HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping

<HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping>

<HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping

<HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping> >

[Guest guest]

Matt et. al -

It's not a bad thing to do, assuming that the individual is a W-2

employee and, of course that they know that the... $250, $500, $750, $1,000

-- or whatever you're " giving " them per month -- is taxable to them as

normal income. You just have to do the Feds' bookkeeping for them.

Depending on the new PT's individual tax picture, if they're in 23% tax

bracket, making $600 available after tax for loan payments may easily cost

the employer well over $1,100.

That's before Federal and State Unemployment Taxes, and before the rest of

the staff finds out what you're doing and asks for more for themselves.

I'll leave it to our resident CPA (and billing guru from Iowa) to tweak my

numbers. But, I think you get the picture. Financial compensation is a

serious area of management, and needs to be considered from many

perspectives before writing a check.

Hope that helps!

Dick Hillyer, PT

Dr. W. Hillyer,PT,DPT,MBA,MSM

Hillyer Consulting

Cape Coral, Florida

Mobile

_____

From: PTManager [mailto:PTManager ] On Behalf

Of Matt Dvorak

Sent: Friday, December 14, 2007 3:04 PM

To: PTManager

Subject: RE: Student loan program

Loan forgiveness over a period based on how much money is involved was a

popular way 20 years ago. Loan forgiveness would be a $ amount forgiven

every month they worked for you. If they decide not to work for you, they

pay back the money with interest just like a regular loan. If they leave

prior to the loan being totally forgiven, the remaining amount is paid back

with interest acquired from the start of the loan. I found this to be

effective in retaining new employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: PTManager@yahoogrou <mailto:PTManager%40yahoogroups.com> ps.com on

behalf of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

Looking for last minute shopping deals?

Find them fast with Yahoo! Search. http://tools.

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

search.yahoo.com/newsearch/category.php?category=shopping <http://tools.

<http://tools.search.yahoo.com/newsearch/category.php?category=shopping>

search.yahoo.com/newsearch/category.php?category=shopping>

[Guest guest]

Agreed in part. All of our loan repayments have been offered to PT's who are

currently working in the field. Some are not offered until after a year, or so,

of employment with us.

Normington

Cherokee, Iowa

________________________________

From: PTManager on behalf of Steve Passmore

Sent: Sun 12/16/2007 11:20 AM

To: PTManager

Subject: RE: Student loan program

I hate to sound like a pessimist; but, I don't consider student loans a

reliable recruiting tool.

Sounds great on the surface but therapists experience so many unique

experiences in school and they see a world of opportunity and offers at

graduation. Also, you may not have an opening at their time of graduation

or they may just decide to leave with a cheap loan that can be picked up by

another firm as a sign on. You may get hurt also by holding a slot open

for this person and they decide to not take it and not let you know until

it's become a critical fill for you.

I am sure student loans can be structured well but do you want an employee

who wants to be working somewhere else. If I did structure it, I would

make it closer to graduation when the student is more set in career

directions. It's a great concept but the graduates have screwed over too

many employers on it.

Steve Passmore PT

CEO Healthy Recruiting Tools

HYPERLINK " mailto:spass@... " spass@...

HYPERLINK " http://www.healthyrecruiting.com/ " www.HealthyRecruiting.com

" What we did for you yesterday is history.... What can we do for you today "

From: PTManager [mailto:PTManager ] On Behalf

Of NORMINGTON, JEREMY L

Sent: Friday, December 14, 2007 2:40 PM

To: PTManager ; PTManager

Subject: RE: Student loan program

We have done student loan repayement up to 50K paid off over 5-6 years. If

the employee leaves early, the remaining portion is paid back at 1% over

prime. It sounds like a lot of money, but how else do you get someone to

move to Northwest Iowa?

Anyone looking for a job ,

Normington

Cherokee, Iowa

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager on behalf of

Matt Dvorak

Sent: Fri 12/14/2007 2:04 PM

To: HYPERLINK " mailto:PTManager%40yahoogroups.com " PTManager

Subject: RE: Student loan program

Loan forgiveness over a period based on how much money is involved was a

popular way 20 years ago. Loan forgiveness would be a $ amount forgiven

every month they worked for you. If they decide not to work for you, they

pay back the money with interest just like a regular loan. If they leave

prior to the loan being totally forgiven, the remaining amount is paid back

with interest acquired from the start of the loan. I found this to be

effective in retaining new employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager

<mailto:PTManager%40yahoogroups.com> on behalf of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

Looking for last minute shopping deals?

Find them fast with Yahoo! Search. HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping

<HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping>

<HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

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<HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

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[Guest guest]

I also see great value in supporting DPT or Advanced certification for

employees along a similar line as yours.

Steve Passmore PT

CEO Healthy Recruiting Tools

HYPERLINK " mailto:spass@... " spass@...

HYPERLINK " http://www.healthyrecruiting.com/ " www.HealthyRecruiting.com

" What we did for you yesterday is history.... What can we do for you today "

From: PTManager [mailto:PTManager ] On Behalf

Of NORMINGTON, JEREMY L

Sent: Sunday, December 16, 2007 6:49 PM

To: PTManager

Subject: RE: Student loan program

Agreed in part. All of our loan repayments have been offered to PT's who are

currently working in the field. Some are not offered until after a year, or

so, of employment with us.

Normington

Cherokee, Iowa

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager on behalf of

Steve Passmore

Sent: Sun 12/16/2007 11:20 AM

To: HYPERLINK " mailto:PTManager%40yahoogroups.com " PTManager

Subject: RE: Student loan program

I hate to sound like a pessimist; but, I don't consider student loans a

reliable recruiting tool.

Sounds great on the surface but therapists experience so many unique

experiences in school and they see a world of opportunity and offers at

graduation. Also, you may not have an opening at their time of graduation

or they may just decide to leave with a cheap loan that can be picked up by

another firm as a sign on. You may get hurt also by holding a slot open

for this person and they decide to not take it and not let you know until

it's become a critical fill for you.

I am sure student loans can be structured well but do you want an employee

who wants to be working somewhere else. If I did structure it, I would

make it closer to graduation when the student is more set in career

directions. It's a great concept but the graduates have screwed over too

many employers on it.

Steve Passmore PT

CEO Healthy Recruiting Tools

HYPERLINK " mailto:HYPERLINK

" mailto:spass%40HealthyRecruiting.com " spass@... " HYPERLINK

" mailto:spass%40HealthyRecruiting.com " spass@...

HYPERLINK " HYPERLINK

" http://www.healthyrecruiting.com/ " http://www.healthyrecruiting.com/ " www.Hea

lthyRecruiting.com

" What we did for you yesterday is history.... What can we do for you today "

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager

[mailto:HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager ] On Behalf

Of NORMINGTON, JEREMY L

Sent: Friday, December 14, 2007 2:40 PM

To: HYPERLINK " mailto:PTManager%40yahoogroups.com " PTManager ;

HYPERLINK " mailto:PTManager%40yahoogroups.com " PTManager

Subject: RE: Student loan program

We have done student loan repayement up to 50K paid off over 5-6 years. If

the employee leaves early, the remaining portion is paid back at 1% over

prime. It sounds like a lot of money, but how else do you get someone to

move to Northwest Iowa?

Anyone looking for a job ,

Normington

Cherokee, Iowa

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager on behalf of

Matt Dvorak

Sent: Fri 12/14/2007 2:04 PM

To: HYPERLINK " mailto:PTManager%40yahoogroups.com " HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager

Subject: RE: Student loan program

Loan forgiveness over a period based on how much money is involved was a

popular way 20 years ago. Loan forgiveness would be a $ amount forgiven

every month they worked for you. If they decide not to work for you, they

pay back the money with interest just like a regular loan. If they leave

prior to the loan being totally forgiven, the remaining amount is paid back

with interest acquired from the start of the loan. I found this to be

effective in retaining new employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: HYPERLINK

" mailto:PTManager%40yahoogroups.com " HYPERLINK

" mailto:PTManager%40yahoogroups.com " PTManager

<mailto:PTManager%40yahoogroups.com> on behalf of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

Looking for last minute shopping deals?

Find them fast with Yahoo! Search. HYPERLINK

" HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping

<HYPERLINK

" HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping>

<HYPERLINK

" HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping

<HYPERLINK

" HYPERLINK

" http://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping " http

://tools.search.yahoo.com/newsearch/category.php?category=shopping> >

[Guest guest]

On the other hand, it was an excellent recruiting tool which many hospital

facilities utilized back then when PT's were few and demand was great.

Facilities worked with the finances just fine, and they found it easier to

recruit. Those days may be returning. I would not recommend " forgiving " $1,000

per month, due to the point you made, but $200/month helped with retention over

the years. I was happy, the facility was happy, and when I was director, it

helped recruit many therapists. Staff was happy to have more staff to help with

patient care, and all of them knew of the program, and in fact, most had

utilized it.

Matt Dvorak, PT

Yankton, SD

________________________________

From: PTManager on behalf of Dick Hillyer

Sent: Sun 12/16/2007 6:27 PM

To: PTManager

Subject: RE: Student loan program

Matt et. al -

It's not a bad thing to do, assuming that the individual is a W-2

employee and, of course that they know that the... $250, $500, $750, $1,000

-- or whatever you're " giving " them per month -- is taxable to them as

normal income. You just have to do the Feds' bookkeeping for them.

Depending on the new PT's individual tax picture, if they're in 23% tax

bracket, making $600 available after tax for loan payments may easily cost

the employer well over $1,100.

That's before Federal and State Unemployment Taxes, and before the rest of

the staff finds out what you're doing and asks for more for themselves.

I'll leave it to our resident CPA (and billing guru from Iowa) to tweak my

numbers. But, I think you get the picture. Financial compensation is a

serious area of management, and needs to be considered from many

perspectives before writing a check.

Hope that helps!

Dick Hillyer, PT

Dr. W. Hillyer,PT,DPT,MBA,MSM

Hillyer Consulting

Cape Coral, Florida

Mobile

_____

From: PTManager <mailto:PTManager%40yahoogroups.com>

[mailto:PTManager <mailto:PTManager%40yahoogroups.com> ] On

Behalf

Of Matt Dvorak

Sent: Friday, December 14, 2007 3:04 PM

To: PTManager <mailto:PTManager%40yahoogroups.com>

Subject: RE: Student loan program

Loan forgiveness over a period based on how much money is involved was a

popular way 20 years ago. Loan forgiveness would be a $ amount forgiven

every month they worked for you. If they decide not to work for you, they

pay back the money with interest just like a regular loan. If they leave

prior to the loan being totally forgiven, the remaining amount is paid back

with interest acquired from the start of the loan. I found this to be

effective in retaining new employees.

Matt Dvorak, PT

Yankton, SD

________________________________

From: PTManager@yahoogrou <mailto:PTManager%40yahoogroups.com> ps.com on

behalf of keith bisesi

Sent: Fri 12/14/2007 10:59 AM

To: PT group WCD; PT manager group

Subject: Student loan program

Hello all,

I have a PTA who is planning to go on to PT school. I

would like to offer her student loan forgiveness to

keep her as a PT after she finishes as she is a top

notch PTA for me currently. Do any of you have a

contract or agreement model you could recommend?

Bisesi MPT COMT

Winter Haven, FL

__________________________________________________________

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