The Cuomo administration is making it easier for recent grads to get their finances in order with a new loan forgiveness program.
The new program, called “Get On Your Feet,” is available to recent grads who live in the state and make less than $50,000 a year. (We’re assuming it's only loosely inspired by the current Broadway musical of the same name. Thanks Gloria!) If you meet the criteria, the state will pay up to two years of your student loan bills.
In order to apply for the program, you must have graduated from college after December 2014 and be enrolled in an income-based repayment plan with the federal government. New York State will only pay your monthly bill on federal loans, and you’ll still be responsible for loans from private vendors.
If that sounds like your situation, you can apply to the program—which just went live on December 31—on New York State’s site.