Student loan borrowers in Connecticut could be eligible for up to $20,000 in credits through the state Student Loan Reimbursement Program, with the new application process launching on Friday.

Newsweek reached out to the Connecticut Office of Higher Education for comment via email on Thursday.

Why It Matters

Connecticut's expanded Student Loan Reimbursement Program targets residents with outstanding student debt while aiming to retain and support the state's workforce by paying a portion of borrowers' loans directly, a move state officials described as an investment in local communities and talent retention.

Nationwide, more than 40 million Americans have student loans. According to a report by credit bureau TransUnion , some 1 million borrowers were projected to enter default in Au

See Full Page