New York State Get On Your Feet Loan Forgiveness Program

I would like expert help and advise with this application

An applicant must:

  • be a legal resident of NYS and have resided in NYS for 12 continuous months;
  • be a U.S. citizen or eligible non-citizen;
  • have graduated from an NYS high school or received an NYS high school equivalency diploma;
  • have earned an undergraduate degree from a college or university located in NYS in or after December 2014;
  • have earned no higher than a bachelor’s degree at the time of application;
  • apply for this program within two years of receiving an undergraduate degree.
  • be enrolled in the federal Income-Based Repayment plan at 10% of discretionary income, the Pay as You Earn plan, or the Revised Pay as You Earn plan;
  • have a primary work location in NYS, if employed;
  • have an adjusted gross income of less than $50,000;
  • be current on all federal or NYS student loans;
  • be current on the repayment of any NYS award; and
  • be in compliance with the terms of any service condition imposed by a NYS award.

Eligible Student Loans

Eligible student loans include federal loans in the federal Income Based Repayment plan at 10% of discretionary income, the Pay as You Earn plan, and the Revised Pay as You Earn plan.

If you have multiple federal loans, you may have multiple loan servicers.  If you are unsure about your loan information, visit the U.S. Department of Education’s National Student Loan Data Systems (NSLDS) for details about your federal student loans and services.

Award Amounts

A recipient receives a maximum of 24 payments equal to the amount of the monthly federal repayment plan payment, provided the recipient continues to meet the Program’s eligibility requirements.

Note: Any loan forgiveness award payment made on your behalf may have tax implications. Recipients will receive a 1099 form, issued by the NYS Office of the State Comptroller, reflecting the total loan forgiveness payments made for the tax year. Any questions regarding potential tax implications should be directed to a tax professional, the Internal Revenue Service, or the NYS Department of Taxation and Finance.

Loans That Qualify

Federal student loans being repaid under the New IBR, PAYE, or REPAYE plans.

  • Direct Stafford loans
  • Direct Grad PLUS loans
  • Direct Consolidation loans that do not include Parent PLUS loans

Note: Parent PLUS loans and Consolidation loans that include Parent PLUS loans would not qualify because they cannot be repaid under any of these plans. Perkins loans and Stafford loans, Grad PLUS loans, and Consolidation loans (not including Parent PLUS loans) in the Federal Family Education Loan Program (FFELP) can be consolidated into Direct loans to qualify.

Next Steps

You can apply online here.

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