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Malloy would offer tax credits for student loan payments

The general election is Tuesday, Nov. 4.
The general election is Tuesday, Nov. 4.

HARTFORD, Conn. – Democratic Gov. Dannel P. Malloy was back on the campaign trail Tuesday pitching a proposal to make college in Connecticut more affordable.

“The reality is students are graduating with a very high amount of loans and some of those loans are much higher priced than when I was going to school,” Malloy, who has three college age sons, said Tuesday.

This year, the legislature approved a $2 million increase in the governor’s scholarship program and created program that gives any child born or adopted in the state after January 2015 $250 toward a CHET college savings plan.

But Malloy, who faces a tough re-election battle against his 2010 Republican opponent Tom Foley, wants another four years to help expand on some of these programs and create new ones, like a student loan tax credit.

See the complete story at CT News Junkie.

Comments

3 responses to “Malloy would offer tax credits for student loan payments”

  1. John Hamlin

    How about reducing in state tuition? Or would that require the government class to take a hit?

  2. One and Done

    John, simply reducing tuition rates wouldn’t allow Malloy to create more government jobs needed to manage the paper work this creates. You actually thought this was to benefit students?
    .
    With eight weeks to go it seems the gimmicks are getting more desperate. The 8% lead Foley has in the polls must be pretty accurate.

  3. Piberman

    There are two problems here. First, the long running high cost of college, I.e. funding the high incomes and retirements of the faculty and administrators. (Yankee Institute reports retirements as high as 250k for UCON profs – no misprint)). Second, the absence of good jobs for college grads forced to leave the state as firms continue to exit CT. Gov. Malloy can take credit for the second. And he’s the “best friend” UCON profs have ever had.

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