Cuomo to Offer Plan to Help With Student Loans

New York Governor Andrew Cuomo, a Democrat, plans to propose this week that the state cover two years of loan repayments for graduates of colleges who live in the state, earn less than $50,000 and are enrolled in the federal Pay as You Earn Program, The New York Times reported. Cuomo's office estimates that about 7,100 people would be eligible in the first year, but that the number would rise to 24,000 a year as more people, based on this new effort, enroll in the federal loan repayment program.