LePage supports costs to provide debt relief for trainees to maintain young Mainers

AUGUSTA, Maine. (WABI) – Maine ranks as the 8th greatest state in the nation in terms of trainee debt, that according to a nationwide report.The LePage administration has actually advanced an expense to supply debt relief for students in an attempt to keep younger individuals in the state.”The supreme goal, the bigger

image, is to lower the age of Mainers. “Guv LePage testified

at a public hearing Thursday in assistance of legislation to offer no percent trainee loans in addition to loan refinancing.

“We are requesting a $50 million bond to help lower the debt load for Maine trainees along with refinance student financial obligation for graduates who move to Maine from other parts of the nation,” said LePage.Independent State Agent Martin Grohman sponsored the expense. He says it’s not about loan forgiveness, and eligibility would be tied to living and operating in Maine.”It’s sort of like an endowment.

If we can get that cash over to the Finance Authority of Maine, it will not go away. If you think of it, they’ll be lending it out, it will be returning, and it will work for generations of Maine trainees,”said Grohman, (I)Biddeford.” We require to bring in more youthful individuals

to the state of Maine. We require to keep our youths that are here in Maine here in Maine, “said LePage.Citing Maine’s aging demographics as part of the

factor for the proposed legislation, LePage states it’s imperative something be done to retain current college graduates as Maine has the oldest average age of any state in the nation.”When’s the last time that we invested significantly in our youth

? So that we tie their education to work. And this is what this is going to attempt to do,” said LePage.”It will likewise work for technical careers, so if you have actually a certified sheet metal fabrication or welding kind of accreditation, it could likewise be covered, “said Grohman.With the average Maine trainee finishing with approximately $31,000 in student loans, some legislators question if that$50 million might

approach decreasing in-state tuition or increasing scholarships.Two-thirds of the legislature will need to support the procedure in order to send it to Maine voters for approval.

Source

http://www.wabi.tv/content/news/LePage-supports-bill-to-provide-debt-relief-for-students-to-retain-young-Mainers-477008043.html