Do you know the incentives for being a young entrepreneur?
Well lets step back wards and review benefits or policies advantageous to begin an entrepreneur
For recent grads who may not have a job waiting on the other end of that diploma, entrepreneurship offers a number of benefits: one of which is a chance to erase some of your student-loan debt. Starting this year, young entrepreneurs can take advantage of the Income-Based Repayment (IBR) Plan, which supports young college students that are looking to start a business, join a startup or work in the public service by making Federal student loan repayment manageable.
President Barack Obama first announced the student loan-forgiveness program in October of last year. Under the plan, borrowers’ payments would be capped at 10 percent of their discretionary income — that is a person’s income after accounting for other living costs. The new measures would also shorten the forgiveness timeline to 20 years from 25 years.
Research Research and Research - Find out all the opportunities available to you and use them.
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Support and do encourage all young entrepreneurs By Miz O.