Q. I am new to taking a active role in my retirement, as I have been working a government job under FERS and TSP for about 3½ years. I would like to take care of a few small bills. Can I take out a loan against my FERS account and not my TSP? My TSP was set at the minimum to build up enough to borrow what I would like against it. A. No, you cannot take out a loan against your FERS account.
Q: Can you tell me if applications are now available for the newly announced public service loan forgiveness option? I heard that the Office of Personnel Management was supposed to have made an announcement on this subject several weeks ago. A: This is not an OPM program. However, when I checked with them, they informed me that you can get information about it by calling 1-800-FED-AID or visiting www.studentaid.ed.gov.