Mortgage Help for Ohio College Grads
The Ohio Housing Finance Agency has been given the green light to develop a program providing mortgage assistance to new college graduates, says a report in the Cleveland Plain Dealer.�� The OHFA is a public/private agency that is headed by a board of trustees mostly appointed by the governor.�� The agency's mission is contributing to the development of affordable housing; this particular initiative is aimed at keeping recent college graduates in Ohio.
Many of the details on the initiative have yet to be worked out, but it has been announced by the agency due to the recent passage of a funding bill signed by Governor Ted Strickland a week ago.�� The "Grants for Grads" program will provide mortgage assistance to college graduates from a public or private university or from a college in Ohio who agree to stay in Ohio for five years after graduation.�� The mortgage assistance is available to all students who graduate with a college degree at the associate's level or higher.
The mortgage assistance comes in the form of a loan that becomes a grant after five years of residence.�� The available grant money would provide up to three percent of the home's value, cash to be put towards the up-front costs of acquiring a home in the form of an unconventional loan.�� If the resident moves within a year, the entire loan must be repaid.�� If the move occurs after three years, 40% of the loan must be repaid.�� After five years, the entire loan is forgiven.�� Application for the grant must be made within eighteen months after graduation.
The legislation to fund this program was prompted by a survey showing that seventy nine percent of Ohio's college students from out of state plan to leave the state after graduation.�� More telling was the survey result showing that fifty one percent of the native Ohioans currently enrolled in college intend to depart after graduation.�� Ohio is one of many states where the sensitivity about higher education currently emanating from Washington has taken hold.�� The state ranks thirty eighth in the country for residents with college degrees.
Along with affordable housing for young people, another issue that is drawing constant press attention is the cost of attending college.�� Students that graduate with heavy loan obligations are generally not in a position to attempt the purchase of a home.�� The federal government is taking steps to lighten the burden of college loans; the Grants for Grads program may those with a new degree build some equity while working at retiring their college debt.
- Veterinary Technology Alternate Route - Certificate
- Respiratory Therapy
- Veterinary Technology - Associates More...
An accredited online university, Capella University offers bachelor’s, master’s/MBA, doctoral, and certificate programs designed to take you to the forefront of your profession.
- DBA - Global Operations and Supply Chain Management (ACBSP-accredited)
- EdS - Teacher Leader in Digital Transformation
- MS - Addiction Studies More...
- Online Associate Degree to Master Degree Nursing program
- Online Bachelor Degree to Master Degree Nursing program
- Master of Public Administration
As home sales increase, you can be ready to launch a new career. Allied’s real estate programs provide the perfect way to start a professional career - one with unlimited opportunity! Put yourself at the forefront of the real estate field as a salesperson, broker or appraiser.
- California Real Estate License
- Virginia Real Estate License
- Nevada Real Estate License More...
Concordia College-New York M.S. Degree Programs Online
Concordia College-New York offers accredited, innovative graduate degrees online to help you advance your career and become a transformative leader.
- M.S. in Digital Marketing
- M.A. in Digital Media
One of the world's leading private research institutions, the University of Southern California (USC) was founded in 1880.
- Online Master of Management in Library and Information Science - Urban Public Librarianship
- Online Master of Management in Library and Information Science - Academic Librarianship
- Master of Public Administration More...
- Master of Public Administration Online
- Master of Arts in International Relations Online
- Master of Civil Engineering Online More...
Welcome to Argosy University
Argosy University offers doctoral, master's, and bachelor's degree programs to students through its eight colleges: College of Behavioral Sciences, Graduate School of Business and Management, College of Education, College of Health Sciences, College of Arts and Sciences, College of Creative Arts and Design, College of Clinical Psychology and Western State College of Law at Argosy University as well as certificate programs in many areas.
- Business Administration (AS) (Online)
- Psychology (BA) (Online)
- Business Administration - Accounting (BS) (Online) More...