NEW YORK (PIX11) -- A new program in New York City is aiming to help lower student loan payments for all residents and make it easier for them to find loan forgiveness plans.

The municipal student loan reduction and college savings assistance program launched on Thursday is a new partnership between NYC and the student loan assistance company Summer. To apply for the program, click here.

Through the partnership, New York City residents can use Summer's free online portal to verify their eligibility for programs that lower their monthly student loan payments, compare repayment options, manage their paperwork for enrollment in federal programs and stay on track for loan forgiveness, if eligible.

Additionally, families preparing to send their kids off to college can use Summer's free onlin

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