The city of Niagara Falls, New York is trying to reinvigorate itself, after the population dipped to 50,000 recently, which could cost it key funding from state and federal governments.
It’s all part of the city’s scheme to pay off up to $3,500 for two years in student loans for those accepted into the program.
Only 20 people will be accepted in the first class of buyers and renters, with preference being given to those interested in community service and who want to buy a home in the city.
I have been to Niagara Falls region before but never the US side. They are not offering to pay a lot of money but it certainly helps graduates getting started in life.
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I heard about this somewhere else but I had no idea so few people were being accepted. I’ve never been to the Niagara area, but I don’t think I would move somewhere specifically just for a small break on student loans.
Interesting idea, but not enough money to induce me to move somewhere, unless I were already close to making the decision to move there anyway.