If you make $50,000 or less, New York will now help you pay off your student debts

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The state of New York has begun accepting applications for a student loan payment program for residents who are having trouble offloading their debt.

The "Get On Your Feet Program" is being made available on a two-year basis to New York-based workers earning less than $50,000 who graduated after December 2014.


Participants must be enrolled in an income-based repayment plan with the federal government—and workers will still be on the hook for loans from private lenders. You can apply online here.

"Ensuring students are able pay for college and not saddled with debt is critical for both their individual success and the continued economic growth of New York State," said Governor Andrew Cuomo.


CNN notes at least 35 other states have similar repayment programs in place, although many of these are based on the type of industry you work in and where you live. These, "aim to encourage people to live and work in underserved communities and take public service-oriented jobs like teachers, social workers and health care workers."

I also recently wrote about how Oregon became the latest state to offer free in-state tuition to its residents.

Rob covers business, economics and the environment for Fusion. He previously worked at Business Insider. He grew up in Chicago.