Wisconsin Governor Scott Walker announced a series of college affordability proposals for the state on Monday.
The proposals include legislation that would eliminate caps on tax deductions for student loan interest, a move the governor's office claims would save borrowers in the state $5.2 million annually. Other measures include $500,000 annually toward grants for technical college students over the next two years as well as establishing $450,000 in emergency grants for technical and community college students who find themselves with unexpected financial need.
Other proposed legislation includes two bills that would create more internships in state departments and a bill that would require public colleges and universities to provide financial literacy training for students in their first trimester.
The proposals come after Wisconsin last year adopted a biennial budget that cut higher education funding $250 million. They also come during the fourth consecutive year of a mandatory tuition freeze, which Walker's office says has saved Wisconsin students $6,311 on average.
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