Trying to pull yourself out of student debt? You could spend less, earn more – or move to Newburgh Heights, Ohio. investinyou (In partnership with acorns.)
Any student borrower with a four-year degree is eligible.Trevor Wilkins, mayor of Newburgh HeightsTrying to pull yourself out of student debt? You could spend less, earn more – or move to Newburgh Heights, Ohio.
After 15 years, the town will pay off half of your student debt, up to $50,000. There are two pay-outs, 80 percent at the 10 year-mark and the final 20 percent after the 15 years. Even if you've paid off your student loans by that time, you'll receive the funds for the amount you owed when you first enrolled in the town's program.We wanted to provide an incentive ...
However, struggling borrowers may not want to sink deeper into debt with a mortgage, Kantrowitz said. Also, he said, you'll be stuck in the same house for more than a decade to get the deal, which could become a problem if you receive a good job offer elsewhere.
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