NEWS: UAA Endorses Student Loan Relief Proposal

Rep. Les Gara “Getting students through college on time and with less debt is good for Alaska’s economy” JUNEAU – Today, Representative Les Gara (D-Anchorage) announced that the University of Alaska Anchorage (UAA) has endorsed a bill (HB17) by House Democratic legislators to lower the cost of student loans for students who put their skills to work in Alaska.
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NEWS: Democrats Push to Lower Student Loan Burden for Alaskans

Measure cuts high loan rates for Alaskans who remain in or return to Alaska JUNEAU – Today, seven Democratic legislators announced they will pre-file legislation to reduce the high cost of student loans for Alaskans who stay in or return to Alaska. “It is telling that you can get a 2.75 percent interest rate for a used car loan, but pay upwards of 6.5 to 8 percent for job training and college loans in Alaska,” said Rep. Les Gara. Lowering the cost of education and job training for Alaskans helps both students and the state by reducing costs to Alaskans and giving all Alaskans who want to open new career doors the incentive to help improve Alaska’s economy.
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House Bill 272 “Student Loan Interest Reductions”

Currently Alaskans pay interest rates of roughly 7% and 8% for outstanding and new student loans. In contrast, used car loans are currently being issued by some lenders at 3% and less. Many Alaskans are struggling and Alaska has a history of losing those who obtain higher education degrees and job training to jobs outside of Alaska…
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Democrats Propose Student Loan Relief; Measure to cut interest rates for Alaskans who put their training to work in Alaska

JUNEAU – Today, Representative Les Gara (D-Anchorage) and Representative David Guttenberg (D-Fairbanks) announced that they have pre-filed a bill to reduce the cost of student loans for Alaskans who put their training to work in Alaska. “For Alaska to be competitive, we need to make sure our workforce gets the training it needs and that our students put their skills to work in Alaska,” said Rep. Guttenberg. “This bill makes it easier for Alaskans to stay here or return to help build our state.”
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