Dukakis Wants Student Loans Repaid by Payroll Deductions

Democratic presidential front-runner Michael S. Dukakis called today for a new national student loan program that would rely on payroll deductions for repayment.

The Massachusetts governor, speaking at the state’s newest community college in Boston’s Roxbury section, the core of the city’s black community, said he is committed to providing opportunity in higher education.

“We need a President who will end the annual assault on Pell grants and loans and programs for disadvantaged students,” Dukakis said. “We need to put our smartest investment bankers and college administrators to work helping states to create college opportunity funds.”

Dukakis said his planned Education Security Fund would be “simple, self-supporting and self-financing and would guarantee the financial integrity of our college loan program at the same time.”