Governor’s budget calls for tax deductions on student loans, tuition

A little relief. (MPR Photo / Hart Van Denburg)

MPR News reporter Tim Pugmire is reporting on Gov. Mark Dayton’s revised budget, which includes this higher-ed tidbit:

  • Tax Relief for Students. The Governor’s tax plan would provide 285,000 recent college graduates up to $190 per year by deducting their student loan interest. Another 40,000 current college students and parents would receive a tuition deduction of $140 per year, on average.

You can read Pugmire’s report here.

Here’s the official emailed response by Steven Rosenstone, chancellor of the Minnesota State Colleges and Universities (MnSCU) system:

We greatly appreciate Governor Dayton’s unwavering support for Minnesota State Colleges and Universities and the critical role we play in ensuring access to an extraordinary education for all Minnesotans.  His supplemental budget proposal will advance the outstanding work of our faculty and staff.  We look forward to collaborating with House and Senate leaders to advance this investment in the success of our students and the communities we serve.