Audio: Missouri House panel looking for solutions to spiraling student debt

Student Loans or graduation cap on money

A Missouri House committee looking into spiraling student debt is formulating legislation to create a work-study program.

Republican Allen Andrews of Grant City, who chairs the committee, says it would let businesses reduce costs by allowing them to offer on the job training as a portion of wages. He says students would benefit from work experience and extra money to offset their loans.

 

 

The committee held a hearing this week to look at student debt solutions. Missouri college graduates have the sixth highest loan debt in the country at almost $27,500.