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Student Loan Repayment Program Now Available for Young Farmers

Are you a young farmer or know a young farmer with outstanding student loans? The Young Farmers Loan Forgiveness Incentive Program may be able to help.

Through the New York State Higher Education Services Corporation, the Young Farmers Loan Forgiveness Incentive Program is offered to encourage recent college graduates to pursue careers in farming in New York State. This program provides up to $10,000 annually in loan forgiveness awards to individuals who obtain an undergraduate degree from an approved New York State college or university and agree to operate or manage a farm in New York State, on a full-time basis, for five years.

To apply, an applicant must complete and submit the New York State Young Farmers Loan Forgiveness Incentive Program Web Supplement.  Web Supplements and supporting documents must be submitted by December 15, 2014 to be considered for the award.

To learn more about eligibility requirements and to submit an application visit the Young Farmers Loan Forgiveness Incentive Program website or contact the HESC Scholarship Unit at1-888-697-4372.

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