Post by Logan on Feb 17, 2016 3:31:54 GMT -6
Assembly adopts bills aimed at college affordability, but costs remain issue in Senate
A package of bills seeking to make college more affordable passed the Assembly early Wednesday morning with Democrats objecting the bills didn't go far enough.
The package, championed by Gov. Scott Walker, would give a tax break to some student loan borrowers, increase funding for need-based grants to technical college students, create a program of "emergency grants" to cover unexpected expenses and hire coordinators to match Wisconsin college students with internships. They would also mandate that institutions provide students with "financial literacy" information about the loans they are taking out.
But the Senate's top Republican warned this week the scope of the legislation will likely be reduced to keep its price tag down — from about $10 million to $2 million.
Democratic critics have said the bills would only help a small percentage of current students and graduates with debt, and won't do nearly enough to make college affordable.
Read more: host.madison.com/wsj/news/local/govt-and-politics/assembly-adopts-bills-aimed-at-college-affordability-but-costs-remain/article_b32c1fe3-9af8-53f3-8383-bbfc7b6b2a2b.html
A package of bills seeking to make college more affordable passed the Assembly early Wednesday morning with Democrats objecting the bills didn't go far enough.
The package, championed by Gov. Scott Walker, would give a tax break to some student loan borrowers, increase funding for need-based grants to technical college students, create a program of "emergency grants" to cover unexpected expenses and hire coordinators to match Wisconsin college students with internships. They would also mandate that institutions provide students with "financial literacy" information about the loans they are taking out.
But the Senate's top Republican warned this week the scope of the legislation will likely be reduced to keep its price tag down — from about $10 million to $2 million.
Democratic critics have said the bills would only help a small percentage of current students and graduates with debt, and won't do nearly enough to make college affordable.
Read more: host.madison.com/wsj/news/local/govt-and-politics/assembly-adopts-bills-aimed-at-college-affordability-but-costs-remain/article_b32c1fe3-9af8-53f3-8383-bbfc7b6b2a2b.html