Ohio’s “Grant’s for Grads”

April 24th, 2009 by Mike Knutson

The Ohio legislature has been thinking about how to retain college graduates. Their answer — a new “Grants for Grads” program.

As it’s currently conceived, the program would provide Ohio residents who graduate with a 4-year college degree with a chance to win $5000 towards the purchase of a new home. It is important to recognize that it’s a chance because only 300 graduates will ultimately receive the money, and those 300 will be determined by a lottery.

To become law, the bill still must pass the Ohio legislature. I’ll try to follow its progress and report back.

Not everyone thinks it will work, but I give Ohio credit for trying to address the issue.

Note: Louisiana has a similar program by the same name. I wonder how effective it has been.

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