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The Generation Iowa Commission held their first public meeting yesterday and the conclusion was that student loan debt and the rising cost of college tuition are the driving force behind Iowa's brain drain.
From the Des Moines Register...
"As long as student loans are as big as they are around here, we are forcing people to make that decision" to seek employment outside of Iowa, said Kyle Carlson, chair of the Generation Iowa Commission.I have written about this issue numerous times on this blog. When you have monster payments on your student loans, it is logical to go where you can make more money and a lot of times that place is not in Iowa.
Carlson, 27, is a recent graduate of Drake University's law school and works as an attorney for Planned Parenthood of Greater Iowa. He carries roughly $200,000 in student debt, which works out to monthly payments of more than $1,000.
That's more than his mortgage payments.
"I could go to Chicago, do the same job and make $30,000 more a year, but I don't want to," said Carlson, who grew up in Waverly. "I'm probably in the minority, but I think we can do things to make this state a better place to live."
The Generation Iowa Commission is looking at ways to keep young Iowans in the state. The question they need to answer is should the state do something to forgive student loans for people who stay in Iowa or should they just try and make college more affordable for everyone, so that people don't end up with so much student loans.
2 comments:
With the disclaimer that I am one of those who has student loan debt equivilant to a home mortgage, my suggestion would be have a program that forgives student loan debt for those who work in Iowa regardless of where the student loan debt originated.
It's all well and good to keep down the cost of higher education at the onset. The ability of the State to do so, however, is limited by the relatively small number of schools it can directly influence. ISU, UNI, and UofI are already much cheaper than private schools, or schools out of state. The Iowa tuition credit likewise is effective only within Iowa's borders.
Helping all student loan debt holders however, would encourage those educated out of state to relocate to Iowa, attracting a higher educated employee. Structing the program so that the buyout is time dependant would also help to ensure that beneficiaries would establish ties to Iowa communities.
This is the main problem from lowden city more.Students are moving to other place to complete their graduation.This is big asset for the iowa and complete brain drain.The main reason is that the student loan is not provide at ease.The loan should be provided them so that they can complete their studies and find job opportunity to them.
abby007
Debt Consolidation
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