Rep. Applebaum’s High-Achiever Grant and Refundable Student Loan Tax Credit Bills to be Heard Tomorrow

44b_jon_applebaumTomorrow, Rep. Jon Applebaum (DFL-Minnetonka) will have two major initiatives heard in the House Committee on Higher Education Policy and Finance. Rep. Applebaum will be joined by students and young professionals who would benefit greatly by the tax credits and grants provided under his legislation. The first bill, HF 820, would fund all tuition and fees not covered by other grants and scholarships for high-achieving Minnesota students. The second bill on the agenda, HF 1716, would provide relief of up to $5,000 per year in the form of a refundable tax credit on student loan debt. Rep. Applebaum’s two bills represent significant steps in making higher education more affordable and accessible to Minnesotans.

“With the fourth highest average rate of student debt in the country[i], and enormous costs associated with attending four year institutions, it’s necessary for Minnesota to make post-high school options more affordable, while encouraging more young people to stay in Minnesota,” said Rep. Applebaum.

Who: Rep. Jon Applebaum

What: Hearing on HF 1716 and HF 820

Where: House Committee on Higher Education Policy and Finance (Room 5 State Office Building)

When: Wednesday, March 18 at 2:45 PM

[i] http://www.usatoday.com/story/money/business/2014/07/05/states-most-student-debt/12025459/