New York’s student loan forgiveness program covers 24 monthly payments. Here's what borrowers need to know

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New York’s student loan forgiveness program covers 24 monthly payments. What borrowers need to know

There are around 2.5 million people with federal student loan debt in New York, who collectively owe almost $100 billion, according to higher education expert Mark Kantrowitz.You must live and have attended school in New York

The state relief is available to legal residents of New York who have lived in the state for 12 consecutive months or more. If you're employed, you need to be working in the state, too., applicants must have graduated from a New York high school, or have received a New York state high school equivalency diploma, as well as attended a college or university in the state and earned their undergraduate degree in or after December 2014.

 

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