Student Loan Reimbursement Program Rolls Out in January

December 11, 2024


 
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Dear Neighbor,

Starting January 1, Connecticut college students will be able to benefit from a bill we passed to alleviate student loan debt. The reimbursement program, led by House Democrats and the first of its kind in the nation, provides up to $5,000/year for up to four years (up to $20,000) in loan forgiveness. Six million dollars has been allocated in the current budget cycle and will be awarded on a first-come, first-served basis. 

The Office of Higher Education (OHE) may approve the participation of any person in the student loan reimbursement program who meets the following requirements: 
  1. Must have graduated from a Connecticut state public or private college or university with a bachelor’s or associate degree or have an occupational/professional license or certificate or left such college in good standing and was granted a hardship waiver by the Office of Higher Education.
  2. Must be a CT resident for at least five years.
  3. Must have a Connecticut adjusted gross income of not more than $125,000 for single applicants and file a federal tax return as unmarried or have a Connecticut adjusted gross income of not more than $175,000 for married applicants and file a federal tax return as head of household, married filing jointly or a surviving spouse.
  4. Must have an outstanding student loan balance and have made payments in 2024 toward federal direct loans, federal direct PLUS loans, federal Perkins loans, CHESLA loans, other state-sponsored student loans, or a private student loan.
  5. Must have volunteered for at least 50 hours at a Connecticut nonprofit organization registered with the Department of Consumer Protection, municipal government, served on the Board of Directors for a nonprofit organization, or has military service after January 1, 2024.
This program represents a true bipartisan effort and will have a direct impact not only on Connecticut’s economy but also on its workforce.
 
Questions should be directed to OHE.SLRP@CT.GOV. The application process opens on January 1. For more information or to apply in January, click HERE.

As always, feel free to call me at 1-800-842-8267 or email me at

Manny.Sanchez@cga.ct.gov if you have any questions or concerns. Also, please like my official Facebook Page for regular updates.

Sincerely,

Manny Sanchez
State Representative
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