Current Event #6 T2 "Bill Introduced to Forgive Student Loans After Five Years in Maine"

In summary of the article “Bill Introduced to Forgive Student Loans After Five Years in Maine” by Laura Rosbrow-Telem, a new bill that was introduced in Maine aimed at forgiving people’s student loans if they live and work in Maine for 5 years. The purpose of this bill, as stated by State Senate Majority Leader Nate Libby, is to create the first student debt program in America and to help attract and retain young workers. This bill has been introduced before, but it didn't make it through the Senate. Libby is planning on pushing a $250 million bond rather than a tax credit. He says $250 million is a limit, and that the state of Maine would probably not have to pay more than that. At the time the article was written, there had not been a hearing for the bill, but it was expected to take place sometime in February.
   My opinion on this article is that if it’s not going to cause Maine a ton of debt, it’s a good idea. As you may know, the average age in Maine is rising, so we really need a larger workforce to offset the ever increasing number of people who are unable to work due to age. I think Maine should do everything within its power to help our dwindling workforce. About the $250 million limits, I feel like that's a very good idea so that Maine doesn’t pay too much just for this. The one thing I disagree on is the 5 year part. I feel like people should have to stay here longer and really show devotion to working here and staying here. But that’s just my opinion. What’s yours?

Rosbrow-Telem, Laura. "Bill Introduced to Forgive Student Loans After Five Years in Maine." Public News Service. January 28, 2019. Accessed March 04, 2019. https://www.publicnewsservice.org/2019-01-28/education/bill-introduced-to-forgive-student-loans-after-five-years-in-maine/a65354-1.

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