Close Menu
    What's Hot

    British Citizen in Dubai Says He Feels Safe Despite Iran Strikes

    March 6, 2026

    Could This Crypto Presale Become DeFi’s Liquidity Meta-Layer? A Closer Look at LiquidChain ($LIQUID)

    March 6, 2026

    China’s Brightest Graduates Are Heading Into Manufacturing

    March 6, 2026
    Facebook X (Twitter) Instagram
    Hot Paths
    • Home
    • News
    • Politics
    • Money
    • Personal Finance
    • Business
    • Economy
    • Investing
    • Markets
      • Stocks
      • Futures & Commodities
      • Crypto
      • Forex
    • Technology
    Facebook X (Twitter) Instagram
    Hot Paths
    Home»Money»Student-Loan Borrowers in Pennsylvania Could Take on Less Debt in a New Plan
    Money

    Student-Loan Borrowers in Pennsylvania Could Take on Less Debt in a New Plan

    Press RoomBy Press RoomFebruary 7, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    Pennsylvania’s governor has a plan to make higher education more affordable — and prevent the state’s residents from taking on unaffordable debt.

    On Tuesday, Pennsylvania Gov. Josh Shapiro unveiled his budget request for 2024-2025, which proposed increased funding for K-12 education, small businesses, public transportation, and childcare, among other things. Along with proposals for those continued investments, Shapiro also put forth a $975 million proposal to overhaul the higher education system in the state.

    First unveiled at the end of January, Shapiro’s plan for higher education would unite Pennsylvania’s 10 state-owned universities with its 15 community colleges under a single system that would ensure families earning up to $70,000 a year will pay no more than $1,000 in tuition and fees per semester.

    The plan would also increase state grants by $1,000, bringing the maximum award to $6,750 beginning in fiscal year 2025. And, according to the budget request, the state proposed investing $279 million annually beginning in the fiscal year 2025 “so Pennsylvania students can attend college in-state with a limited debt load after they graduate and can enter the workforce ready to start their careers.”

    “It’s time to build on this new blueprint for higher education in Pennsylvania and leave a lasting legacy on this Commonwealth,” Shapiro said during his budget address on Tuesday.

    “Because if we can ensure that Pennsylvanians receive a great education, from Pre-K through an apprenticeship program all the way to college graduation, if we can give Pennsylvanians the freedom to chart their own course and the opportunity to succeed, then economic opportunity will follow,” he said.

    While Shapiro said his plan to overhaul the higher education system would bring the state from 49th in the nation when it comes to state investment to 22nd, it’s unclear at this point if the state’s legislature will approve his proposal.

    Still, some of the leaders at local universities have expressed support for the plan. Joan Gabel, chancellor at the University of Pittsburgh, said in a statement she’s pleased that Shapiro’s plan will “give Pennsylvania students greater opportunities for affordable, high-quality higher education and to bolster the role of colleges and universities like Pitt in driving Pennsylvania’s economic success.”

    Other states are taking similar approaches to address higher education affordability. Colorado Gov. Jared Polis, for example, pushed in the fall to expand apprenticeship opportunities in the state to allow residents to attain employment without dealing with the costs of a four-year college.

    And reform is happening at the federal level, as well. Since federal student-loan payments resumed in October after an over three-year pause, the Education Department announced a range of plans to get relief to borrowers who took on debt for higher education. That included a new income-driven repayment plan, known as the SAVE plan, intended to make borrowers’ monthly payments more affordable.

    As part of the effort, the department announced it would be implementing a provision of the plan early: forgiving balances of borrowers who originally borrowed $12,000 or less and made as few as 10 years of qualifying payments.

    But with the cost of education still high, there’s likely to be a continued spotlight on state efforts to ease the burden on its residents.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Press Room

    Related Posts

    British Citizen in Dubai Says He Feels Safe Despite Iran Strikes

    March 6, 2026

    China’s Brightest Graduates Are Heading Into Manufacturing

    March 6, 2026

    Zelenskyy Said the US Asked for Help in Fighting Iran’s Shahed Drones

    March 6, 2026
    Leave A Reply Cancel Reply

    LATEST NEWS

    British Citizen in Dubai Says He Feels Safe Despite Iran Strikes

    March 6, 2026

    Could This Crypto Presale Become DeFi’s Liquidity Meta-Layer? A Closer Look at LiquidChain ($LIQUID)

    March 6, 2026

    China’s Brightest Graduates Are Heading Into Manufacturing

    March 6, 2026

    Private credit loan spreads are tiiiight

    March 6, 2026
    POPULAR
    Business

    The Business of Formula One

    May 27, 2023
    Business

    Weddings and divorce: the scourge of investment returns

    May 27, 2023
    Business

    How F1 found a secret fuel to accelerate media rights growth

    May 27, 2023
    Advertisement
    Load WordPress Sites in as fast as 37ms!

    Archives

    • March 2026
    • February 2026
    • January 2026
    • December 2025
    • November 2025
    • October 2025
    • September 2025
    • August 2025
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • May 2023

    Categories

    • Business
    • Crypto
    • Economy
    • Forex
    • Futures & Commodities
    • Investing
    • Market Data
    • Money
    • News
    • Personal Finance
    • Politics
    • Stocks
    • Technology

    Your source for the serious news. This demo is crafted specifically to exhibit the use of the theme as a news site. Visit our main page for more demos.

    We're social. Connect with us:

    Facebook X (Twitter) Instagram Pinterest YouTube

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 ThemeSphere. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.