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Last by Alchemystress on Jul 10, 2011, 11:05am
About two months ago, we (2nd year med students) recieved our contracts for FY2011-12. And I was pretty ticked off by my reclassification. No longer a student, now I'm an "independent contractor." Cool. That's fine. Been there before. But now I'm looking cold and hard at some previous student loans coming due. Which isn't terribly worrying. I can more than make the minimum calculated payment, and still make rent, tuition, books, fees.
I'm not terribly sure why we're now "independent contractors." Or at least why I am. I haven't discussed the specifics of my contract with other students, just vague general information. I do think I got the better end of the stipend stick, though. Some of my fellow students? Not so great at negotiating. We're still covered by the school's liability policy, and don't have to seek our own liability. We still have to pay into the school's health plan, which doesn't actually have such hot coverage. But apparently we were only "students" for that first year. Or at least I was.
However, I can now pull off a plan to severely decrease my tax burden. A good example
was provided by Brett Arends a . . . More