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General Assembly Looking For Money To Fund New Law

The Indiana General Assembly passed a plan earlier this year designed to keep students in the state and slow down the “brain drain”.

The legislation aims to keep top-performing students home in Indiana after they graduate from college.

Senate Bill 330 would try to provide student-loan reimbursements up to $9,000 for specific students. The main problem is that the bill didn’t say just where that money was supposed to come from.

It will now have to go through the appropriations process next year to try and find the funding.

Lawmakers have some time as the first checks won’t have to be written for at least eight years.

To qualify for the reimbursement a student must have been in the top 20 percent of the their high school graduating class or in the top 20th percentile of the ACT and SAT examination, graduated from college with a 3.5 or higher grade point average, and be teaching a STEM subject, special education, or in a critical shortage geographic area – for at least three years.