College Scholarships, Grants & Loans

Tuesday, October 16, 2007

For a long time, low-income public service or government jobs have gone unfilled because students graduating college have so much debt that they are unable to take these low paying jobs, pay back their student loans and still have enough to live on.

Tufts University in Medford, Mass, is implementing a program that will help their graduates if they want to take these jobs. A grant from Ebay founder Pierre Omidyar and his wife Pam will be used to fund the program which will provide $500,000 in loan aid each year to significantly indebted university graduates who choose to work in low-income public service or government jobs.

While not every university gets an grant from the Omidyar's, there are many with major endowment funds that could find a way to spread the wealth a bit to assist graduates who want to help out with public service.

Read more about the program at Tufts Loan Payback Program


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