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Eric Adams: “For those with advanced degrees, we expect to reduce average…”

Featuring: Eric Adams, Democratic | Mayor of New York

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Mayor Eric Adams Makes Affordability-Related Announcement

Published | Video Starts at 07:38

We are helping slash monthly student loan payments for New Yorkers with working people reducing their payments an average of $3,000 per year on student loans under this program. And For those with advanced degrees, we expect to reduce average payments by $7,000 per year for those who are public service or nonprofit employees. Thanks to the federal government's Public Service Loan Forgiveness Program, you can have your Debt forgiven after 10 years of payments and we're helping you get that benefit. (07:38–07:51)

CLAIM

Asserts that public service or nonprofit employees with advanced degrees will have reduced payments by $7,000 per year.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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