Bond sales could provide funding for municipal scholarships
February 4, 2009
State Representative Douglas McCrory, who represents Hartford, in the Connecticut General
Assembly, is sponsoring legislation that would allow towns to fund college scholarship
programs by selling municipal bonds.
McCrory’s proposal (HB5227), currently under consideration by the legislature’s Higher
Education Committee of which he is a member, would enable towns to fund scholarships for
residents attending Connecticut public colleges and universities.
“Everyone agrees on the important role higher education plays in future success, yet thousands
of aspiring students cannot afford to go to college,” said McCrory, a vice-principal in the
Hartford school system. “Our system is set up where each town provides educational
opportunity thorough high school, so why not give towns a tool to help kids in their
community reach their ultimate potential?”
McCrory believes municipal scholarships should be based on economic need and merit, and
could be tied to criteria such as requiring students to reside or work in their hometown
following college or performing volunteer community service locally.
According to the state Department of Higher Education, over the last decade, the number of
low income students who cannot afford to contribute anything toward their college education
has increased by 218%. “There are tens of thousands of families who have no means to send a
child to college, and that trend has to change for us to make progress as a society,” McCrory
Rep. McCrory is serving his third term in the state legislature representing Hartford’s 7th
Assembly District. In addition to serving on the Higher Education Committee, McCrory also
sits on the Appropriations and Education Committees.
Reprinted with permission of the NorthEnd Agent's.
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