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State lawmakers plan to revisit legislation on forgiving student debt

When state lawmakers begin their new session in January, some democrats are planning to revisit legislation on forgiving student debt. (WGME)

PORTLAND (WGME) -- When state lawmakers begin their new session in January, some democrats are planning to revisit legislation on forgiving student debt.

State Senator Nate Libby says a coalition of lawmakers are considering a proposal to bolster the "Opportunity Maine" tax credit program, but this legislation would directly subsidize borrower's debt payments.

“And if you move to Maine and work, the state of Maine will help forgive some of your student debt,” Libby said. “We think that's a powerful tool to incentivize young working families to move to our state. We also think it's important for Maine kids growing up that if you commit to staying in Maine, that we'll help you with your student debt."

Senator Libby's previous proposal was a $250 million account for borrowers.

It's unclear what type of proposal lawmakers will put forth in January, or how it will be paid.

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