STATEN ISLAND, N.Y. — New York City is launching a new initiative to help city employees wipe out their existing student loans.
On Monday, Mayor Eric Adams unveiled a new plan to help more than 100,000 city employees enroll in the federal government’s Public Service Loan Forgiveness (PSLF) program and Income Driven Repayment (IDR) plans to reduce or cancel roughly $360 million in student loan debt.
“Public servants wake up early and stay up late to keep our city running, but too many of them still struggle with expensive student loan debt. But our administration is helping to change that by putting hundreds of millions of dollars back into the pockets of our city employees and giving them the peace of mind they deserve through the…
