States That Pay Off Student Loans For Moving There

Paying back student loans can feel like an impossible undertaking, in some cases a process that takes 20 years or more. While there are federal programs that waive your student loans after a certain number of payments, these can be difficult to qualify for – and borrowers on private student loans aren’t eligible. However, there are other niche opportunities to find student loan issuance including government programs that pay off your loans by simply dragging you there.

States paying off student loans for moving

Whether it is to attract a younger population or to boost the local economy, states can have a variety of reasons for getting student loan offsets. It is common for states to have student loan programs for attorneys, teachers, or healthcare workers, but there are some states that specifically reward people who move there. Before packing your bags, read all of the eligibility requirements to see if the program is right for you. In some cases, you can save a significant portion of your student loan debt.


If you move to any of 77 Kansas counties that are designated a Rural Opportunity Zone, you may be eligible for student loan repayment allowance of up to $ 15,000 over five years. To participate, you must have student loan credit in your name and be a new member in one of these designated areas.


Maine offers student loan repayment through a program called Opportunity Maine Tax Credit. You must be full-time Maine resident to be eligible, and other admission requirements will vary depending on the year you graduate. Depending on your degree, degree, and the size of your monthly student loan payments, you may be able to receive over $ 4,000 in credit.


Maryland’s SmartBuy 3.0 program provides down payment and repayment assistance on student loan payments of $ 5,000. You must have a minimum of $ 1,000 in student debt to participate, and the program will pay back a student loan amount equal to 15 percent of the cost of your home with a maximum withdrawal amount of $ 30,000. This must pay off the remaining amount of the home owner’s student loan in full.


If you agree to work as a health care provider in an area with a shortage of health workers in Michigan, you can qualify for up to $ 200,000 in student loan repayment assistance through the Michigan State Loan Repayment Program. You must have been in the program for a minimum of two years, but can have up to eight years in order to receive the full amount of the Repayment Grant.

Pay off student loans if you can’t move

If you are unable to move and live somewhere with student loan programs to which you are eligible, you still have options. All federal student loans are eligible for specific loan relief programs, and you always have the option to continually pay off your loans yourself.

Federal student loan waiver

If you have federal student loans, you may be eligible for one of these state student loan programs:

  • Public sector lending. This program requires you to work in a public service for 10 years, but after that time you may be waived your remaining student loan balance.
  • Forgiveness of teacher loans. Teachers who work in a low-income school for five years could be waived up to $ 17,500 or $ 5,000 on their student loan, depending on the subject.
  • Perkins Loan Cancellation. When you have a Perkins loan, you can see up to 100 percent of your loan waived if you work in a suitable position for five years. This is available to teachers, nurses, firefighters, librarians, and more.
  • Income-oriented repayment plan. There are several income-oriented federal loan repayment plans based your monthly payment based on your income and family size. After 20 to 25 years of payment, your remaining credit will be waived.

Repayment of the private student loan

If you don’t qualify for state loan programs, there are still ways to make your student loan repayment more manageable.

If you have a private student loan, the best way to do it is through a refinance – this will give you a new interest rate, a new amortization schedule, and a new monthly payment. Being eligible for a significantly lower interest rate can save you money month to month and over the life of your loan.

You can also request a deferral or deferral of your student loan, which will temporarily suspend payments.

Will President Biden Make Student Loans?

President Biden and other government officials have discussed the possibility of extensive student loan waiver – specifically, $ 10,000 per federal borrower. However, this level of student loan waiver was not included in Biden’s budget proposal for 2022.

At this point, there is no way of telling if or when the government will grant a federal student loan waiver. We therefore recommend that you create a plan for the repayment of your student loans yourself or look for existing options to make it easier to pay off your student loan debts.

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