MSU graduates hoping to pay off student loans

(WLNS) – Students walked across the stage Friday, saying goodbye to a college career and in many cases-hello to student debt. Graduates like Dontrell Lemon say it will be a struggle.

“About, ughh, about $50,000 worth of student loans so far, but God willing I’ll find a way to pay it,” said Dontrell Lemon, MSU graduate.

According to the Institute for College Access and Success, in 2013 the average amount of debt a graduate leaves school with is more than $28,000.

Student France’ Elvie Banda who says she’s leaving with $30,000 of student loans, said she wishes higher education was more valued.

“To fund these individuals, their impact is going to impact each and every one of us so you would think that there was more public funding,” said France’ Elvie Banda, MSU graduate.

State Rep. Andy Schor of Lansing is pushing for a bill to help keep post-graduates in the state by helping with student loans.

“In essence it’s a tax credit of about $1,500-1,800 depending on the year if they stay in Michigan when they graduate,” said State Rep. Andy Schor, (d), Lansing.

The bill is still in the works but hoping to keep recent grads in Michigan, with an incentive.

This is not the end of talks about student loans. U.S. Senator Gary Peters and other political officials plan on meeting to discuss payback for loans on Monday.

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