News

“Pay It Forward” in Illinois?

“Pay It Forward” in Illinois?

More college students in Illinois may graduate with less or no debt in coming years, if state lawmakers can dream up a way to pay for that.

A measure is making its way through the Statehouse that would form a group to study how to form a state-sponsored student loan program.

State Sen. Mike Frerichs (D-Champaign) (pictured) is sponsoring the plan. He says the idea is to mimic what some other states have done, such as in Oregon where the Pay it Forward plan offers local students a chance to attend state schools free, with part of their income going back to the state later.

Now, Frerichs says funding is the major hurdle. “We have this real question of resources, and so what we’re going to do is study this and have a good plan in place before we move further forward,” he said.

Frerichs says current grant and loan programs in the state aren’t enough to support an adequately educated workforce.

 

Recent Headlines

in Local

$2.7 Million Headed to Fight Illinois Veteran Homelessness, $56k to Springfield

homeless

$2.7 million in federal grants will go to housing hundreds of homeless veterans in Illinois.

in Local

Police Investigate Two Shootings in Grandview

policetape

The Sangamon County Sheriffs Department is helping Grandview Police Investigate two separate shooting incidents within hours of each other Sunday.

in Local

Sherman Mayor: Only Give Residents What They Want

sherman

The newly re-elected mayor of Sherman says economic development and growing the town will continue to be his top priority.

in Local

Wells Fargo Adding 100+ Jobs in Springfield

wells-fargo-logo

A resurgent mortgage industry means a major employer in Springfield is hiring again.

in Local

LaHood So Far Front-Runner to Replace Schock

darin lahood

State Senator Darin LaHood remains the favorite to replace Aaron Schock as the 18th District Congressman.