Two proposals designed to halt the brain drain of college grads out of Michigan are on the table. One would forgive the interest on student loans if graduates stay in the state for five years. The other would give math, science and technology grads a two year break on their state income tax if they stayed put.
Rep. Dianne Byrum of Onondaga and Sen. Wayne Kuipers of West Michigan both agree that students are leaving the state at an alarming rate pegged at over 30 percent a year. That means state taxpayers are footing the bill for the education, but getting none of the benefits when the students go to other states.
Neither lawmaker has estimated how much this will cost the state if the plans are adopted.
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