Yes, you should pay back your student loans. But how many of us truly understand the consequences of a loan at the age of 18?
Americans collectively now owe more than $1.7 trillion is student loan debt. That estimate represents over 45 million Americans who are neck-deep in the quagmire of student loan debt. The average student loan borrower owes almost $37,000.
Now, however, several states are offering to pay up to $200,000 to pay off the student loan debts of qualified professionals willing to move to the state.
Before you start packing your bags you should know that there are exacting standards, qualifications, and conditions.
The Delaware State Loan Repayment Program is offering up to $100,000 in student loan awards to qualifying medical professionals willing to relocate and work in the state. Delaware is looking for medical professionals with advanced degrees in dentistry, pharmacology, midwifery, psychology, and more.
The deadline to apply, unless extended, is in September 2021.
Kansas, also known as the Sunflower State, has over 95 areas in the states that have designated Rural Opportunity Zones. As long as you are interested in agriculture and farming, you don’t need any advanced degree or skill to take part in the initiative,
All you have to do is just move to Kansas. And in 19 of those 95 zones you will qualify to have $15,000 of your student debt loans paid off.
Iowa, which is slowly becoming a renewable energy haven, is looking for veterinarians, lawyers, teachers, and health care workers to move and work in the state immediately.
There is a shortage of such workers in the state and they are really needed in remote rural areas. Just apply via the Iowa Loan Repayment Programs before early 2022. Iowa will pay off $40,000 of your student loans if you qualify.
If you are a doctor, dentist, or mental health care provider then you may want to consider moving to Michigan. You could be eligible for up to $200,000 in student loan repayment awards paid over an 8-year period.