Tax Candidate Proposes Student Loan Reimbursement - KFYRTV.COM - Bismarck, ND - News, Weather, Sports

Tax Candidate Proposes Student Loan Reimbursement

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The democratic candidate for tax commissioner wants some students to be reimbursed for any interest they pay on their student loans.

Jason Astrup says if elected he plans to push the Legislature to provide an income tax credit that is equal to the amount of interest a student pays on their Bank of North Dakota student loan.

"The bank's student loan portfolio right now, is more than $1 billion in loans that they have outstanding to over 65,000 borrowers. This isn't a small potatoes proposal here. It's something that is going to be meaningful to these students," says Astrup.

Tax commissioner Ryan Rauschenberger says there are other ways to reduce the burden of student loan debt. He says the North Dakota Scholarship provides up to $6,000 to residents who go to school here.

 

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