Would you move to a city that helped pay off your student loans?

Communities with contracting populations, like Niagara Falls, are offering debt relief to attract young residents. Will it work?

It may be overflowing with tourists, but Niagara Falls, N.Y., is seeing its population shrink as young residents move elsewhere in search of excitement and employment.
(Image credit: Free Agents Limited/CORBIS)

Like many small towns, Niagara Falls, N.Y., has been bleeding residents for decades, as young people move away in search of excitement and jobs. But the new local director of community development, Seth Piccirillo, has a plan to woo young people back: He's offering new graduates and young professionals help paying off their student loans ... and all they have to do is move to Niagara. Here, a guide to the town's sweetheart deal, and others like it:

Why does Niagara Falls need young people so badly?

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