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Senate advances loan-forgiveness program for graduates who remain working in Utah
Summary
The Senate voted to move First Substitute Senate Bill 104 to third reading after a lengthy debate. Sponsor Senator Milner described a loan program that would cover tuition/fees/books and forgive 25% of the loan for each year a recipient works in qualifying Utah jobs; the initial appropriation would support about 500 students. The measure passed second-reading 23-2-4.
The Utah Senate advanced First Substitute Senate Bill 104, a proposal to create a talent-development loan-forgiveness program intended to keep college and technical graduates working for Utah companies.
Sponsor Senator Milner told the Senate the program is modeled on an existing loan-forgiveness program and was developed with the governor—s talent-ready initiative, GoEd and business groups.…
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