Last week the Ohio House of Representatives introduced approximately 25 bills. The first one – House Bill 1 (R-Schuring) – seeks to establish the Ohio Workforce Grant Program. The intent of the program is to encourage students to pursue occupations that are in-demand. A list of these occupations can be found by clicking here.
The program will provide up to $5,000 to students on an annual basis. One-third of the grant will be distributed to the recipient at the beginning of the academic year. The remainder will be distributed in equal installments throughout the year upon successful completion of milestones adopted by the Chancellor. These milestones include spending between 30 and 90 days of training in a workplace of an in-demand field; the completion of counseling on how to manage student loan debt; and completion of curriculum. Students who graduate with a certificate or a degree as part of the program will be eligible for up to a 25 percent tax credit on their student loans. The bill appropriates $100,000,000 over the Fiscal Year 2016-2017 biennium to fund the program.