Iowa "Dis" Advantage Fund

So, now there is talk of an "Iowa Advantage Fund". Employers would pay back student loans of their employees so we can retain young people in Iowa. In turn, the employer would get a "tax credit". In short, over 3 years, the employer would pay a maximum of $25,000 to a loan and the state would pay (not actually pay, but give tax credits to) the employer a maximum of $7,500, or only 30% of what the employer paid out for the loan.

Does anyone else think that the employers might lower starting salaries, or decrease yearly raises they might give current employees in order to pay for this? They argue there will be less turnover. I'd also be willing to bet that students will stay in Iowa for 3 years to get their loans paid for and then vanish to another state for a better job and have no student loans to pay for. What a deal! The article says that several Iowa businesses endorse this proposal---I'd like to see a list and hear what they have to say about why this is good for Iowa.

So, those of us who have been loyal to Iowa and will continue to be loyal to Iowa get nothing.....