Connecticut state lawmakers have rolled out a new program that offers financial assistance to recent college graduates in exchange for volunteer work. Eligible students can receive up to $5,000 a year, with a maximum of $20,000 over four years, to help pay off student loans. The program aims to alleviate the financial burden of higher education and has already received nearly 2,000 applications since the start of the year. Participants must have graduated from a Connecticut college, meet income requirements, have made loan payments, lived in the state for five years, and completed 50 hours of volunteer work.
The initiative has been met with enthusiasm by students at Western Connecticut State University, with many expressing relief at the prospect of financial assistance. Rep. Corey Paris, a proponent of the program, believes that it will benefit local communities and encourage more individuals to pursue higher education. The program initially has $6 million in funding, with the potential for more based on its success. Interested applicants can apply through a provided link and are encouraged to take advantage of this opportunity to alleviate the financial stress of student loans.
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