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LePage Pushes For Student Loan Subsidies

Gov. Paul LePage is pushing for the passage of a $50 million bond to subsidize student loans.

LePage says the goal of the measure is to keep young Mainers in the state after they complete college and also to attract young adults from other states to work in Maine.

“And this should not be and is not a partisan issue,” the governor says. “We are requesting a $50 million bond to help lower the debt load for Maine students as well as refinance the student debt for graduates who move to Maine from other parts of the country.”

He says the bond would provide for low or no interest loans for college. Appearing before the legislature’s Appropriations Committee, LePage said he is willing to consider other ideas for achieving the same goals: to invest in Maine people to improve the state’s economy.

Committee members now consider the measure before it goes to the full legislature.

Journalist Mal Leary spearheads Maine Public's news coverage of politics and government and is based at the State House.