Cuyahoga County, OH eases employee financial concerns with College Now Student Loan Rescue Program
Cuyahoga County, OH College Now Student Loan Rescue Program
The county approved a one-year, $25,000 contract with Cleveland education nonprofit College Now. Counselors guided county employees through loan restructuring options like the federal Public Service Loan Forgiveness Program. Participants in this program see their remaining loan balances eliminated after 10 years of on-time payments. The nonprofit estimated county employees could save approximately $300 per month during repayment thanks to restructured payments.
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Creating Pathways to Employment
College Now program helps adult learners overcome unique barriers.
Cuyahoga County employees receive help restructuring student loans - cleveland.com
Cuyahoga County employees with outstanding federal student loans will receive help restructuring their debt from College Now Greater Cleveland.
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Three hundred Cuyahoga County employees sought College Now counseling during the program's first year. The average participant saved $306 per month.
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