Student Loan Debt Graduation Cap and Money
Press Release
October 27, 2015

Student Loan Debt Crisis Worsens in Wisconsin

New National Survey Finds State Ranks 3rd in Nation for Percentage of Graduates With Debt

MADISON, Wis. — The percentage of Wisconsinites with student loan debt continues to rise compared to the rest of the nation according to the results of a new study released by The Institute for College Access and Success (TICAS). The results of their comprehensive 50 state study on student loan debt for 2014 finds seventy percent of Wisconsin’s graduates have student loan debt, the third highest percentage in the nation, and the average debt load of over $28,800 they carry ranks Wisconsin seventeenth nationally.

“The latest data shows the student loan debt crisis continues to grow in Wisconsin with seventy percent of 2014 graduates leaving school with nearly $29,000 in debt,” commented One Wisconsin Now Student Loan Debt Program Director Analiese Eicher. “It’s time for Gov. Walker and Republican state leaders to stop offering sound bites and gimmicks and deliver the real reform that Wisconsin borrowers need.”

The TICAS study also found that over the last decade Wisconsin graduates were saddled with a seventy four percent increase in the amount of debt upon graduation and that ten percent more graduates were leaving school with student debt.

Original research from One Wisconsin Institute found that student loan debt has a significant and negative impact on the Wisconsin economy. Borrowers are much more likely to rent versus own their home and over $200 million in new car sales are lost annually due directly to student loan debt.

Groundbreaking state legislation, the Higher Ed, Lower Debt Act (SB 194 & AB 272), creating a state based authority to help student loan borrowers refinance their debt, just like you can with a mortgage and extending a state tax break to student loan payments, has been introduced again in the 2015 legislative session. However Gov. Walker and the Republicans in control of the legislature have allowed the bill with 49 sponsors to languish in committee. At the federal level efforts to allow the refinancing of student loans have failed with state Democrats supporting and Republicans opposing.

Eicher concluded, “Student loan borrowers in Wisconsin continue to pay the price for Gov. Walker and the Republican legislature’s indifference to the student loan debt crisis. While they wreak cronyism and corruption on the state, the hard-working borrowers who took on the personal responsibility to pay for their education go another year without the common sense reform that is desperately needed.”

# # #

One Wisconsin Now is a statewide communications network specializing in effective earned media and online organizing to advance progressive leadership and values.

american flag
In the News

Wisconsin progressives need to build a bigger boat

The divisive, distracted, disappointing quarter century of Scott Walker as a Wisconsin elected official could mean progressives will need a bigger boat in 2018.
Milwaukee Journal Sentinel
01/12/2018
wisconsin capitol
Press Release

Scott Walker Hypocrisy Reaches ‘Biblical Proportions’

Scott Walker has failed to express remorse for his own appearance as a featured speaker sharing a stage with white nationalists at a conference three weeks ago.
One Wisconsin Logo
One Wisconsin Now
01/08/2018
scott walker
Press Release

Gov. Scott Walker Praises Creators of Student Loan Debt Crisis

Scott Walker, who opposes a common sense student loan refinance plan, is “honoring” one of the nation’s most worst actors in the student loan crisis, Sallie Mae.
One Wisconsin Logo
One Wisconsin Now
01/05/2018
adam jarchow student loan debt
Press Release

Rep. Adam Jarchow Stars as ‘Jar Jar Banks’ In 10th Senate District Run

One Wisconsin Now Executive Director Scot Ross suggested Rep. Adam Jarchow has earned the moniker “Jar Jar Banks” for choosing banks over student loan borrowers.
One Wisconsin Logo
One Wisconsin Now
01/05/2018
donald trump drawing
Press Release

Trump Election Integrity Commission Disbanded

A federal commission on “election integrity”, announced with much fanfare by Donald Trump in 2017, was disbanded on Wednesday.
One Wisconsin Logo
One Wisconsin Institute
01/04/2018
wisconsin capitol dome interior
Press Release

Closing Lincoln Hills Does Not Absolve Scott Walker, Brad Schimel

Scott Walker and Brad Schimel ignored and then repeatedly failed to act on the mounting crisis at Lincoln Hills.
One Wisconsin Logo
One Wisconsin Now
01/04/2018
until debt tear us apart painted on brick wall
Press Release

Wisconsin GOP Doing Nothing to Solve State’s $24B Student Loan Crisis

An Assembly Republican committee will hold a public hearing on legislation that “would do less than nothing” to solve the student loan crisis in Wisconsin.
One Wisconsin Logo
One Wisconsin Now
01/04/2018
adam jarchow in school lunch room
Press Release

Rep. Adam Jarchow’s Allies Promote Poor Shaming

While Adam Jarchow seeks to feather his own nest in the legislature, his right-wing allies are doing the dirty work of attacking his opponent.
One Wisconsin Logo
One Wisconsin Now
01/03/2018