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2013 Senate Bill 408: Give college loan grants to employed bachelor degree holders
Introduced by Sen. Glenn Anderson D-Westland on June 4, 2013
To give college bachelor degree recipients who live and are employed in Michigan an income tax credit of up to half the amount they owe each year on student loans, capped at an amount equal to 20 percent of the annual tuition of a four-year state university. The bill would authorize the same credit to an employer who picks up the cost of an employee’s loan payments.   Official Text and Analysis.
Referred to the Senate Finance Committee on June 4, 2013
Reported in the Senate on November 14, 2013
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Referred to the Senate Appropriations Committee on January 8, 2014