Gov. Jared Polis’ budget earmarked $14 million to advance-fund the program for 3 years
By Elizabeth Hernandez | The Denver Post
A bill in the works for Colorado’s upcoming legislative session would mandate the state pay for the first two years of student loans for new graduates of the state’s public colleges who commit to stay in Colorado and enroll in an income-based repayment program.
Students who qualify would have their monthly payment — determined by an income-based repayment program — paid in full by the state for their first two years out of college, relieving them of the financial responsibility as they get introduced to the workforce.
Senate Majority Leader Steve Fenberg, a Boulder Democrat, Rep. Leslie Herod, a Democrat representing District 9, and Rep. Julie McCluskie, a Democrat representing District 61, plan to sponsor the “Get On Your Feet” bill, modeled after a program established a few years ago in New York.