FOR IMMEDIATE RELEASE: May 15, 2015
CONTACT: Jacqui Nguyen (916) 651-4029
Republican Legislators Introduce Senate Bill 150: Tax Relief for Students with School Loans
SACRAMENTO – Following the shutdown of several campuses owned by Corinthian Colleges headquartered in California, two Republican Senators introduced a bill to help students with their federal loan debt forgiveness.
Senator Janet Nguyen (R-Garden Grove) and Senate Republican Leader Bob Huff (R-Diamond Bar) jointly authored Senate Bill 150, which would allow students to receive federal loan debt forgiveness without creating a tax liability. Co-authors of Senate Bill 150 also include Senator Mike Morrell (R-Rancho Cucamonga), Senator Andy Vidak (R-Hanford), and Senator Tom Berryhill (R-Twain Harte). Continue reading