“Come Back Home” Bill Aims to Encourage Alaskans to Return after Postsecondary Training through Loan Repayment Program

JUNEAU – A new bill before the House would provide grants to repay student loans for Alaskans who obtain their degrees out of state and return to Alaska to teach or work for the State of Alaska.

 

House Bill 374, the “Come Back Home” bill, sponsored by Representative Andi Story, creates a three-year pilot program to encourage Alaskans to seek full-time employment and earn funds towards their student loan repayment of up to $8,000 per year worked for not more than 3 years.

 

“I am calling this the ‘Come Back Home’ bill as I want to encourage Alaskans who went out of state for postsecondary training, to return and add their skills and vitality to our many job opportunities,” said Rep. Andi Story (D-Juneau). “Like many current residents who participated in the state’s former loan forgiveness program, this new loan repayment program will make a difference in eliminating debt and reconnecting with home here in Alaska.” 

 

The program would be administered by the Commission on Postsecondary Education with funds from the Higher Education Investment Fund (HEIF).

 

HB374 has been referred to the House Education and House Finance Committees.

 

To follow the bill’s progress, click here or text “HB 374” to 559-245-2529.

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