Which US cities help pay education loans

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The opportunity to move to a certain city, which in return will pay your student loan, is quite real in the USA. Of course, such programs will be difficult to find in popular Boston, Chicago or Atlanta. However, there are many of them in the central part of the country.

In state Kansas The Opportunity Zones program provides college graduates with tax breaks and up to $15 in student loan relief in exchange for moving to certain areas of the state.

Last year alone, Kansas officials paid out nearly $1,2 million in student loan relief. The program covers approximately 77 counties across the state. The main task is to attract young people to those areas where the population is falling and economic prospects are not the best.

More than 40 million Americans are currently in arrears on educational loans totaling $ 1,3 trillions.

City Niagara Falls in New York State, named after the nearby Niagara Falls, has a program similar to Kansas. However, it is much less and acts on a limited number of young people annually. Participants, who can be no more than 20 people, are paid about 7 thousand dollars for two years. Since 2013, 14 has benefited from the program, another four are expected to be selected this year.

Some other cities attract young people by allocating funds for expenses when moving and for buying real estate in the city. For example, ChattanoogaThe fourth largest city in Tennessee, offers a program Geek move (something like “Moving for Nerds”), aimed at attracting programmers. In total, such specialists can count on an amount of $11,2 thousand.

Another city that is willing to invest in youth is Detroit. Since 2011, the “Motor City,” as the largest city in Michigan is called, has had a program Live Downtown (“Live Downtown”), which offers young professionals about $20 thousand for a down payment on the purchase of real estate or $3,5 thousand for rent for two years. Thus, the city, which is currently experiencing a difficult economic period, hopes to breathe new energy into local businesses.

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