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2014 House Bill 5315: Give tuition subsidy for student’s pledge of future income
Introduced by Rep. David Knezek (D) on February 11, 2014 To establish a college tuition subsidy pilot program for 100 students whose family income is less than $250,000. In return for giving the student the statewide average tuition for one year of community college, the student would be obligated to pay the state 2 percent of his or her adjusted gross income for five years. For each year of subsidized state university tuition, the student would be obligated to pay 4 percent of his or her adjusted gross income for five years. The obligations would kick-in once the student’s income exceeded the federal poverty level. The pilot program would continue for five years, and $2 million would be appropriated in the first year.   Official Text and Analysis.
Referred to the House Michigan Competitiveness Committee on February 11, 2014

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