Higher Ed, Lower Debt Bill Introduced to Help Student Loan Borrowers |
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News - Articles for State & Local |
Written by Wisconsin Senate Democrats |
Tuesday, 07 February 2017 14:41 |
MADISON, WI – Senator Dave Hansen (D-Green Bay) and Rep. Cory Mason (D-Racine) continue to fight for current students and student loan borrowers trapped underneath the suffocating grip of student loan debt. Today, Rep. Mason and Senator Hansen introduced their Higher Ed, Lower Debt (HELD) bill, which will help almost 1 million Wisconsinites with student debt pay their loans.
The Higher Ed Lower Debt bill will allow student loan borrowers to refinance student loans at a lower rate, similar to a mortgage or car payment, and deduct their student loan payments from their income tax resulting in significant tax savings and economic stimulus for Wisconsin’s middle class families.
The debt owed by the average student loan borrow continues to grow in Wisconsin; the average loan is now a staggering $29,460, ranking Wisconsin in the top five states for highest student loan debt in the nation. The $19 billion of debt held by Wisconsinites is a tremendous blow to the future of Wisconsin’s middle class economy. The ability of Wisconsinites to support their families is in jeopardy if the legislature does not address this issue. Representative Mason and Senator Hansen are proud to author legislation that provides common sense solutions to help resolve the student loan debt crisis. ***** Legislative writer Jay Wadd contributed to this story. |
Last Updated on Thursday, 09 February 2017 15:17 |
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