medical student loans and forgiveness (part 2)

One option for those who would want to take advantage of the new 10 year loan forgiveness plan, but who are in a situation where they are not going to be working for the government or a non-profit hospital might be to actually start their own non-profit foundation.

It's possible that your clinical practice could be in a non-profit, private foundation and you receive your salary from the organization.

There are definitely tax implications. There's a lot of information at http://www.irs.gov/charities/foundations/index.html