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Senator pitches plan to offer tax credit to help slow 'brain drain' in Nebraska

Nearly a quarter-million Nebraskans have student loan debt, owing $7.7 billion to the federal government as of September 2020, according to a report from the U.S. Department of Education.

Mike Baumgartner, executive director of the Nebraska Coordinating Commission for Postsecondary Education, said the amount might be staggering to consider, but it's a tiny slice of a larger pie.

"That's a small part of the $1.5 trillion nationwide," Baumgartner told the Legislature's Revenue Committee on Thursday.

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