These Small Towns Will Pay Your Student Loans -- But There's a Catch

Say What!? 6

niagara fallsStrapped with some hefty student loans? Wondering how you'll ever pay them off? Well here's an unlikely solution: Move to a small town.

Not just any small town, of course. There's a select few smaller cities and towns so desperate for young folk, they're bribing you to move there -- by offering to pay off some of your student loan. Ulp! And it's not just for four-year university educations. These programs will help out people with two-year associates' degrees, too.

So how about it? Would you take them up on the offer? Depends on the city, I bet ...

One of the cities making the offer is Niagara Falls, New York. Yup, that Niagara Falls. Consider it your permanent honeymoon destination! They'll give you $3,500 a year toward your loan repayments if you rent a home there. But only for two years, so it's not like they're paying the whole loan off for you. Still, that's $7,000 more than most college graduates have right now.

Or you could try any number of small towns in rural Kansas. (Toto, I think we ARE in Kansas now.) They have Rural Opportunity Zones that offer an even better deal -- vouchers for five years totalling up to $15,000. Nice!

Okay, but say you apply, and your friends apply, too, because you don't want to be lonely in this small town. So there you all are in the middle of Kansas. What the hell are you doing for a living? What about JOBS? That's what I'd want maybe even more than help with my loan repayment. Assurance of employment. I hope these towns can provide that, too.

Maybe they are? Apparently this crazy plan is working so far. Niagara Falls could be the next hot place to live after graduation.

Would you be willing to move to a new town just for the student loan repayment help?

 

Image via David Berkowitz/Flickr

home finances, moving, thrifty solutions

6 Comments

To add a comment, please log in with

Use Your CafeMom Profile

Join CafeMom or Log in to your CafeMom account. CafeMom members can keep track of their comments.

Join CafeMom or Log in to your CafeMom account. CafeMom members can keep track of their comments.

Comment As a Guest

Guest comments are moderated and will not appear immediately.

kisse... kisses5050

 Remember that show Northern Exposure? That is how the town got a doctor...

tbruc... tbrucemom

I thought the same thing, Northern Exposure! The difference, besides one is obviously fictional, lol, is that he also had a job. I'd be willing to move to a small town for the repayment assistance but you'd still need to be able to make a living there so I guess it would depend on what your degree was in as to what kind of job you could get.

mande... manderspanders

Um I live in western Kansas... Although my county isn't a rural opportunity zone (Ellis co; the ones around it are). What can we offer you? LOW COST OF LIVING. Also in many of these counties, there are plentiful opportunities in the oil field, agriculture, and industry... We also need teachers and nurses and nurses aides. Really, it's great living out here. Easy access to I-70 (mid way between KC and Denver), many JuCo and division I and II universities, great housing opportunities. And FRESH AIR and STARRY NIGHTS. All things you can't get in a city.

Actually, I'm at a Larks baseball game (college level/Jayhawk league)...it's free entertainment (and Puhjols played here).

Oh and FWIW, Ellis county was one of the Top 5 counties in the NATION for weathering the recession... So things are pretty good out here.

Sadie... Sadie0711

i just don't know if i could deal with being landlocked. and i've never experianced a tornado, and i don't think that i ever want to.

nonmember avatar Tania

How long do you have to live there?

Are they offering you a job and debt payment?

And where do I sign up - I used to live in Manhattan, KS and loved it!!!!!

Kim Henry

It is very expensive to get education and all necessary skills to get your total life together. And there is no any other wat if you want to get a higher paying job. And what if you have a bad credit? The only way not to pay more is using online personal loans for people with bad credit.

1-6 of 6 comments
F