Romney & Sinema Introduce Bill to Forgive Student Debt for Poor Students

The Earn to Learn Act establishes a matched savings program for “low-income” college students. “The funds can be used to pay for tuition, books, and other education-related expenses that might otherwise prevent them from attending,” according to the Arizona Republic.

“Education was my key to opportunity, and I’m committed to ensuring all Arizona students have the same access to higher education that I did,” Sinema said of the initiative. “Creating a college-matched savings program helps Arizona students save for school while teaching the importance of money management.”

Modeled off Arizona’s Earn to Learn program, which has a 90 percent retention rate and maintains a partnership with community colleges and state universities, eligible students must qualify for a Pell Grant, deposit $500 in six consecutive payments into a bank account, and finish a personal finance course.

In exchange, the students will receive matching eight-to-one grants from participating states or nonprofits which can be designated for tuition.

“We must do better to ensure American students have the skills and training necessary to pursue ... (Read more)

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