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TuRb:ASu
n to Iowa’s Brain Drain
Andrew Q. Morse, Universiy o Norhern Iowa
 
Giving students a loan to cover tuition costs, contingent on hav-ing them stay within the state afer graduation to work will graduallyeradicate the projected 150,000 educated worker shortage in Iowa.
Iowa’s college graduaes are feeing he sae a record numbers. The GeneraionIowa Commission ound ha he sae loses 6,367 college-educaed individu-als per year o oher saes.These graduaes are leavingin search o more opporuni-ies and beter wages—Iowanworkers are paid signicanlyless han naional averages,even when acoring in helower cos o living. And hesiuaion is no amelioraedwhen considering he coso atend a our-year publicuniversiy: wih he oal coso a year o college exceed-ing 30 percen o he ypical suden’s gross amily income, Iowans graduae wihan average o $23,198 in suden loan deb, he highes in he naion. A orgivableloan program would comba Iowa’s brain drain issue by providing sudens wihmoney o cover heir educaion coss in exchange or working wihin he saeaer graduaion in he healhcare, educaion, or business elds.
History
Currenly, here are no exising suden loan orgiveness programs in he Uni-ed Saes wih he primary objecive o reaining college-educaed workers. InGeorgia, sudens who wisho atend an insiuion ohigher educaion can do sohrough he HOPE gran ihey mainain a B average inhigh school, bu hey are norequired o work wihin hesae aer graduaion romheir respecive insiuions.Sudens who enroll receive$3,000 per academic year
Key Facts
The sae o Iowa aces a projeced 150,000
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educaed worker shorage by he year 2012.Sudens graduaing rom a Regens universiy
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repor he highes suden loan deb in hecounry.Since 2001, Iowa’s public universiies have
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experienced soaring uiion increases o 98% ahe Universiy o Norhern Iowa and 72% a heUniversiy o Iowa and Iowa Sae Universiy.
Talking Points
Iowa’s sudens currenly ace he wors labor
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marke and highes uiion prices in he naion,leading o considerable brain drain.By esablishing an incenive o remain wihin he
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sae, Iowa’s leaders can ameliorae he rapidlydeerioriaing siuaion, saving Iowa’s sudencapial, and rejuvenae is economy.The $2.14 million invesmen should be enirely
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covered by increased ax revenue.
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