And what if they can’t find a suitable job in New York?
>>And what if they can’t find a suitable job in New York?<<
From what I read, this is a student loan with a forgiveness clause. If you don’t perform the covenant, it just becomes repayable like any other student loan.
There are teaching loans that are forgiven only if the teacher spends a certain amount of time in inner cities and the like.
This is the same. A loan with conditional forgiveness.