A city, a state, and a province that will help pay your student loans
After college graduation, there are two main obstacles most students face: figuring out how to pay back massive amounts of student loan debt and finding a good place to move. It turns out, you can take care of both at once. These three places are hoping to boost business and population, so they’re looking for young college graduates and are willing to help you pay your student loans if you move there.
Niagara Falls, NY
Sure, it may be the honeymoon capital of the world, but Niagara Falls has a severe shortage of young professionals. So the city decided to pay recent graduates up to $3,492 per year (up to two years) to move to the designated downtown area. The goal is to have educated, money-earning residents revitalizing the downtown area with new business and culture. To apply and learn more, visit live-nf.com.
The population in Kansas has decreased drastically over the last 100 years, and the entire state wants to encourage more economic growth and prosperity. Depending on the Rural Opportunity Zone (50 counties total), college graduates can earn student loan repayments up to $15,000 or Kansas income tax waivers for moving there. For the details, visit kansascommerce.com. Also throughout the state, there are areas were you can get land at no cost if you agree to build a house on it. For more information, visit kansasfreeland.com.
Both Canadians and foreigners are eligible for up to C$20,000 in tuition reimbursement to live and work in Saskatchewan. You need to have graduated after 2006 to qualify, and will need to file income tax in Saskatchewan. For more information, visit the Government of Saskatchewan website.
These programs have specific requirements as to the type of school you attended, your employment status and salary, the field of your job, where you live, the type and amount of your student loans, and how long you stay in the area. Before you make any big decision on where to move, be sure to fully understand the ins and outs of the program as well as the area you’re settling down in.