Aging states to college graduates: We’ll pay you to stay

From Jon Marcus / The Hechinger Report: As their workforces age, states across the United States are offering student loan repayment to incentivize college graduates to stick around. Now Maine and Vermont are the first to offer it to those with degrees in any field with very few caveats.

Read the original story here.

Issue Areas:

Alternative Forms of Income, Inclusive Growth, Student Debt, Sustainable Development

Impact Areas:

Creating New Economic Paradigms, Equity

Actors:

Government

Communities Served:

Workers, Youth and Young Adults

Strategies:

Easing Economic Burdens for Individuals, Reallocating Government / Public Financing

Success Factors:

Providing Cash Instead Of Goods/Services, Using A Comprehensive Approach, Using Financial Incentives

Geographic Region:

North America

Countries:

United States

Date:

October 4, 2023

More Resources:

Conversation with Avriel Diaz

Avriel Diaz co-founded and serves as the president of Walking Palms Global Health, an organization focused on building community resilience amidst climate and environmental disasters. She has dedicated years to forming international transdisciplinary partnerships aimed at enhancing community resilience in...

Brazil’s Bolsa Família welfare program lifted 3 million out of poverty in 2023: Gov’t

From Thiago Alves / Brazil Reports: Bolosa Famila, a social welfare program in Brazil aims to help bring Brazilians out of poverty. Paying R$ 600 ($119 USD) per month enables families to cover basic monthly costs such as food. The...

What if debt was written off to protect climate and nature?

From India Bourke / BBC: Debt-for-nature or debt-for-climate swaps are financial tools that allow indebted countries to refinance their debt and use the money saved to restore ecosystems and build environmental resilience. Ecuador, with the help of Credit-Suisse and the...

How financial counseling at the pediatrician’s office can help families thrive

From Pien Huang / NPR: In an effort to improve child healthcare, a program at the Harbor-UCLA Medical Center matches low-income families with financial coaches when they come in for their child’s appointments. The coaches help them address financial stressors,...

Conversation with Demond Drummer

Demond Drummer is the Director of Strategy at the Institute on Race, Power and Political Economy at the New School. A leading proponent of a Green New Deal, Demond has introduced bold new ideas and shifted public discourse, advocating for...

How going solar is helping U.S. schools save millions

From Nikolay Nikolov / Mashable: School districts in the United States are switching to solar power to save money on utilities and sell extra power back to the power grid. They use the savings to increase teachers’ pay and upgrade...