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12 States Where Student Loans Are Repaid For A New Home


Photo by HiveBoxx on Unsplash

For years we’ve been waiting on a better way to pay off our student loans and finally, something new has hit the market... and that specific market is...Real Estate!

There are quite a few states that are looking for new residents, and in exchange, they would pay off your student loan. Some states require you to have a degree in professions such as Dentistry, Doctor, Nursing, or Lawyer but, there are a couple of states where anyone with a degree can apply to the program. So there is just about a program for anyone looking to move into a house without feeling they would never get out of their parent’s home or a crappy apartment. Well, anyone that can afford to work at least, and it is quite exciting if you ask us.

But make sure you pump the brakes, read the fine print, and do your research.

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So far, a total of 12 states have this type of financial program where they pay off your loan if you take out a mortgage in the state that offers that type of program. These states are Maryland, Texas, Illinois, Kansas, Iowa, Michigan, California, Rhode Island, Delaware, Georgia, Ohio, and Maine.


Maryland has a Smartbuy 3.0 program that offers a student loan borrower repayment assistance, if they purchase a home with a maximum of $30,000 or up to 15% of the house. Requirements are: $1,000 minimum of student loan debt, have a college degree, maximum household income of $92,500 or $154,420, and must purchase a home from an approved lender. More information can be found at

Maryland state also offers $50,000 for healthcare professionals with degrees committed to working full-time for two years in medically underserved areas.


Texas has different programs that apply to specific educational degrees like teachers, lawyers, or health care providers with student loan debt. The programs are called the Nursing Faculty Loan Repayment Assistance Program, the Teach for Texas Loan Repayment Assistance Program, and the Texas Access to Justice Foundation’s Student Loan Repayment Assistance Program. Depending on which program you apply to you can get anywhere between $4,800 and $180,000 in repayment assistance. More information at the links below:


Illinois has a Smart Buy program that applies specifically to those within the city of Chicago and anyone with a college degree and student loan debt. Their program pays off up to $40,000 or 15% of the cost (whichever is lower) for borrowers who purchase a home in Chicago. They also give $5,000 towards home down payments or closing costs. Every applicant must be a first-time homebuyer, have an income of $109,000 or less, the cost of the home must be between $325,000 and 500,000, and in Chicago for a minimum of three years. More information at


Kansas pays up to $15,000 for any resident of the state that is interested in Farming or Agriculture. The state allows anyone with a college degree to apply as long as they are new to the area. More information at


Iowa allows teachers and healthcare workers to apply for a home in Iowa, and in return, they will pay up to $40,000. More information at


Michigan loan repayment program covers up to $200,000 for full-time dental, medical, and mental health care professionals that work in a shortage area Nonprofit clinic for two years. More information can be found at,5885,7–33–7151_2945_412 — -,00.html

If you are not in those fields, check out the reverse scholarships offered at St. Clair or Huron County in Michigan. The scholarships range from $10,000 to $15,000 for those with a Science, Technology, Engineering, Arts, or Mathematics degree. More information at

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California pays up to $50,000 in student loans for doctors, dentists, physician assistants, and nurses. All applicants must work full-time in the public sector or at a nonprofit with healthcare professional shortages for at least two years. More information at

Rhode Island

Healthcare professionals can apply to the Rhode Island HLRP program to get money for repaying your loans in exchange for two years in an ambulatory outpatient setting. More information at


Delaware offers healthcare professionals with advanced degrees $30,000 to $100,000 to work in a medically underserved area for two to four years. More information at


Georgia program awards for physicians, physician assistants, registered nurses, and dentists range from $10,000 to $25,000 a year for four years in a population of 50,000 or less. More information at


Hamilton, Ohio offers 10 recent science, technology, engineering, arts, or mathematics graduates a chance to win $300 a month toward their student loan debt. The scholarship program is called Hamilton Community Foundation Talent Attraction Program. All applicants must have graduated within the last seven years, be new to the area, and be willing to move to the city where they are required to work in either Hamilton or Butler County. More information at


In Maine residents and graduates and earned degrees after 2008 Maine reimburses your student loan payments on your state income taxes. In addition, the Finance Authority of Maine’s student debt relief program will pay up to $60,000 of your for those with a STEM degree and work for an employer in Maine. More information at

So, if you are looking to move or relocate for work and have student loans, take a peek at these financial programs in the states listed and let us know if any of them have helped you.

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Written By The Resource Manual

The Resource Manual publishes resourceful articles on the topic of personal, health, love, finance, well-being, and business. Our goal is to provide valuable resources to help others navigate through life more smoothly.

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