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September 11, 2005

New Jersey goverment waives student loans

State government of New Jersey passed the law which was signed by acting governor Richard J. Codey, that will make college student loans much more affordable for some. Up to $20,000 in student loans for qualified graduates who are majoring in Social Services and Mental Health, will be forgiven.

Mr. Codey said that social workers face very difficult work at rather low pay and don't need another burden with college student loan, and he hopes, this law would attract few more smart people with a passion to help who, otherwise would choose a different career.

The new law is somewhat similar to the program for student loans repayment unveiled by National Institute of Health, which offered up to $35,000 to help health care students pay for their college loans.

Posted in Student Loans at September 11, 2005 06:53 PM

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