skip to main content
skip to newscasts

Saturday, April 27, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Louisiana teachers' union concerned about educators' future; Supreme Court hears arguments in Trump immunity case; court issues restraining order against fracking waste-storage facility; landmark NE agreement takes a proactive approach to CO2 pipeline risks.

view newscast page
play newscast audioPlay

Speaker Johnson accuses demonstrating students of getting support from Hamas. TikTok says it'll challenge the ban. And the Supreme Court dives into the gray area between abortion and pregnancy healthcare, and into former President Trump's broad immunity claims.

view newscast page
play newscast audioPlay

The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

WA Low-Interest Loans Would Cut Student Debt

play audio
Play

Monday, June 13, 2022   

The cost of higher education is a major headache for people, even years after they've graduated. A program in Washington state aims to make borrowing for college a little easier.

State lawmakers passed a measure this year that will establish a 1% interest rate student loan program. It will get started with a one time $150 million investment from the state, after an actuary analyzes the plan.

The bill's sponsor, state Rep. Pat Sullivan - D-Covington - said the state had big budget surplus this year.

"We had a decent amount of one time money that was available," said Sullivan, "and I really thought that putting it into a student loan account for 1% student loans just made a lot of sense. The timing was just perfect."

The state had a $15 billion surplus to work with during the 2022 session.

Most Republicans voted against the legislation, saying the money should have gone back to Washingtonians through tax breaks.

Washingtonians owe an average of about $33,000 in student debt, according to the website Student Loan Hero. Sullivans said that debt is a burden for people long after they leave college.

"Interest rates are too high," said Sullivan. "You're having people graduate unable to take out a loan even for a car in some instances, and buying a home is way out of reach given the debt load that they graduate with."

The Biden administration is considering canceling some amount of people's student debt - possibly up to $10,000.

Sullivan - who is also the Majority Leader in the state House - said that's great, but his 1% loan program aims to help students going forward.

"That'll help a lot of students but this is into the future," said Sullivan, "and so until the federal government can come up with a better solution for students, then they're going to continue to rack up debt."

A report on how the program could work long-term, and what funding level it might need, is due on the governor's desk December 1.

Support for this reporting was provided by Lumina Foundation.




get more stories like this via email
more stories
The United Nations experts also expressed concern over a Chemours application to expand PFAS production in North Carolina. (Adobe Stock)

play sound

United Nations experts are raising concerns about chemical giants DuPont and Chemours, saying they've violated human rights in North Carolina…


Social Issues

play sound

The long-delayed Farm Bill could benefit Virginia farmers by renewing funding for climate-smart investments, but it's been held up for months in …

Environment

play sound

Conservation groups say the Hawaiian Islands are on the leading edge of the fight to preserve endangered birds, since climate change and habitat loss …


Jane Kleeb is director and founder of Bold Alliance, an umbrella organization of Bold Nebraska, which was instrumental in stopping the Keystone Pipeline. Kleeb is also one of two 2023 Climate Breakthrough Awardees. (Bold Alliance)

Environment

play sound

CO2 pipelines are on the increase in the United States, and like all pipelines, they come with risks. Preparing for those risks is a major focus of …

Environment

play sound

April has been "Invasive Plant Pest and Disease Awareness Month," but the pests don't know that. The U.S. Department of Agriculture says it's the …

David Coon designs and evaluates interventions for families and caregivers of adults with chronic illnesses, including dementia, cancer and depression. (Arizona State University)

Health and Wellness

play sound

The 2024 Arizona Alzheimer's Consortium Public Conference kicks off Saturday, where industry experts and researchers will share the latest scientific …

Environment

play sound

Environmental groups say more should be done to protect people's health from what they call toxic, radioactive sludge. A court granted a temporary …

Social Issues

play sound

Orange County's Supreme Court reversed a decision letting the city of Newburgh implement state tenant protections. The city declared a housing …

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021