Application will be available on December 31 at www.hesc.ny.gov website
The NYS Get on Your Feet Loan Forgiveness Program provides up to 24 months of federal student loan debt relief to recent NYS college graduates who are participating in a federal income-driven repayment plan whose payments are generally capped at 10 percent of their discretionary income.
Eligibility
An applicant must:
Be a legal resident of NYS and have resided in NYS for 12 continuous months;
Be a U.S. citizen or eligible non-citizen;
Have graduated from a NYS high school or received a NYS high school equivalency diploma;
Have earned an undergraduate degree from a college or university located in NYS in or after the 2014-15 academic year;
Have earned no higher than a bachelor’s degree at the time of application; and apply for this program within two years of receiving an undergraduate degree.
Be enrolled in the federal Income Based Repayment plan or Pay as You Earn plan;
Have a primary work location in NYS, if employed;
Have an adjusted gross income of less than $50,000;
Be current on all federal or NYS student loans;
Be current on the repayment of any NYS award;
Be in compliance with the terms of any service condition imposed by a NYS award.