Recent grads may find shelter from their student loans as many U.S. cities are now offering to pay off their debts.
Cities like Niagara Falls, N.Y. and Kansas City are offering to pay down student loans if the debtor agrees to move into and work in those cities, according to The Inquisitr.
Niagara Falls offers to pay grads $3,500 a year for the next two years if they move in the city limits. The city has allotted $200,000 for the program.
The city has seen its population drop from 100,000 to fewer than 50,000 over the past 50 years, according to The Inquisitr. It may lose federal funding in the next census if the population remains stagnant or drops.
Kansas City has set up 50 of its counties as Rural Opportunity Zones, or ROZs, which is designed to attract student debtors with as much as $15,000 in repayments. The program is available for anyone with an associate’s degree or higher.
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