2023-01-24 19:47:59

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

By Annie Nova

Key Points

  • With the fate of the Biden administration's sweeping student loan forgiveness plan uncertain, borrowers in New York state may have another option for relief.
  • The Get On Your Feet Loan Forgiveness Program, established in 2015, offers some college graduates loan forgiveness equaling up to 24 months of payments.

Alexander Spatari | Moment | Getty Images

With the fate of the Biden administration's sweeping student loan forgiveness plan uncertain and headed to the Supreme Court, borrowers in New York state may have another option for relief.

The 'Get On Your Feet' Loan Forgiveness Program, rolled out in 2015, is meant to "invest in recent college graduates with student loan debt who opted to invest their futures in New York," said Angela Liotta, public information officer and director of communications at the New York State Higher Education Services Corp.

Under the program, certain residents of the state may be eligible for student loan forgiveness on up to 24 months of payments.

Continue read on cnbc.com

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