U.S. Senators Gary Peters (D-MI) and Shelley Moore Capito (R-WV) recently introduced legislation to help attract recent graduates to communities that have experienced population loss or have high poverty rates.
The bipartisan bill will help expand post-graduation scholarships, which are grants awarded by community foundations to recent graduates to pay down their student debt if they live and work in regions with unmet need.
“Post-graduation scholarships help communities attract younger workers and reduces the financial burden on graduates looking to put their education to use in places where it’s needed most,” said Senator Peters. “I’m pleased to join Senator Capito in introducing bipartisan legislation that would help expand post-graduation scholarships and spur economic growth in communities across Michigan.”
“As West Virginia continues to experience economic growth, it’s important younger workers are not constrained by the costs of higher education,” Senator Capito said. “That’s why I was glad to work together with Senator Peters to develop legislation that will help more people use their higher education to strengthen workforce development here at home and across the country.”
Unlike traditional scholarships, recipients of post-graduation scholarships are currently required to pay income tax on the grant. The Workforce Development through Post-Graduation Scholarships Act would: