Get On Your Feet: Student Loan Forgiveness
By Eric Norcross, student, SUNY Empire State College; assistant editor, The Student Connection
February 22, 2016
Students graduating with borrowed funds may be entitled to debt relief through Get on Your Feet Loan Forgiveness Program (GOYF). Students who graduated after 2014 and qualify for the program can be eligible to have the state pay their student loan debts for a maximum of two years. The governor’s office has estimated that more than 2,400 students will be enrolled in the program by the year 2020. The initiative, according to CNN, is to encourage graduates to take on public service and community-oriented careers. Since a majority of students graduate with debt (61 percent, according to CNN), low-paying public-service jobs are typically the last to be considered by graduates entering the workforce.
Students interested in the program should know that there is an income cap and qualifications that need to be considered before applying. While some of these factors are obvious (like being a resident of New York state), other factors include having graduated from a New York high school or holding a NYC high-school equivalency diploma, earning an undergraduate degree from a university located in New York state in the 2014-15 academic year, and having earned a graduate degree (at the time of your GOYF application). Students are urged to review the qualifications of the program via the link provided.
If you have questions about the program, please contact the Scholarship Unit at email@example.com or 1-888-697-4372.