Good news for Alaskans, new legislation involved student loan that will help state residents to pay their loan.
The legislation:
House Bill 56: Graduates who stay in Alaska can get up to half the Alaska Student Loan Corp. loan forgiven. The longer they stay, the more they get forgiven. Sponsored by Reps. Beth Kerttula and Chris Tuck, D-Anchorage.
House Bill 58: Repays a portion of loans for people graduating in education, dentistry, nursing or biology. The longer they stay, the more is repaid. Rural residents get more than urban ones. Sponsored by Reps. Bill Thomas, R-Haines; Peggy Wilson, R-Wrangell; Charisse Millett, R-Anchorage; John Harris, R-Valdez; and Jay Ramras, R-Fairbanks.
According to Rep. Kerttula, D-Juneau, one of several legislators who have introduced bills to fight brain drain from Alaska by paying or forgiving up to half of graduates' Alaska Student Loan Corp. loans – residents will need to pay the loan depending on how long they stay in Alaska.However, the state's last forgiveness program didn't pencil out for the loan corporation, according to Diane Barrans, executive director of the Alaska Commission on Postsecondary Education.
[via Juneau Empire]
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