A New Jersey lawmaker says the state should try something novel to help people climb out of all that debt from their college days: set up a lottery in which the winning tickets pay off student loans.
State Assemblyman John Burzichelli (D-Gloucester) on Monday introduced legislation (A4631) that would make New Jersey the first state in the country to establish a lottery in which the winnings would go exclusively to college debt.
“Any vehicle that could provide some relief it seems to me it’s worth talking about,’ Burzichelli said, adding that he had been approached by an attorney representing people interested in starting such a business in New Jersey.
“We have people graduating from universities with just too much on their shoulders,” he said. “And that hampers them from doing other things when they reach the workforce.”
Read more at NJ.com: https://www.nj.com/politics/index.ssf/2015/07/a_lottery_to_pay_off_student_debt_nj_lawmaker.html#incart_river
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