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Tue January 28, 2014
House committee considers adding a loan to Bright Flight
A Missouri House committee is considering legislation to offer additional financial aid to persuade more top students to stay in the state after they graduate.
The legislation would add a forgivable loan of up to five thousand dollars per year to Missouri's Bright Flight scholarship.
Each year a student works in Missouri after school would count toward one year of loan forgiveness. Leaving before the loan is repaid would require repaying the loan with interest.
Republican House member Mike Thomson, of Maryville, said too many top Missouri students leave the state.
Governor Jay Nixon has proposed $17 million in next year's budget for a Bright Flight loan program. Bright Flight scholarships are awarded based on standardized test scores.