wisconsin capitol
Press Release
June 26, 2013

Two Trillion Dollars Here We Come

Reports Indicate Congress Will Not Act in Time to Prevent Federal Student Loan Interest Rates From Doubling

MADISON, Wis. — The following are the statements of One Wisconsin Now Executive Director Scot Ross regarding reports that Congress will not act before the July 1 deadline to prevent the interest rates on federal Stafford student loans from doubling from 3.4% to 6.8%. Prior to today’s report, on party line votes, Democrats attempted to advance legislation that would have closed several corporate tax loopholes to maintain current interest rates. Republicans offered a competing plan that would have allowed variable interest rates and was estimated to cost borrowers over $15 billion more over the next decade:

“Increasingly we are seeing American families with student loan debt squeezed in a vice between big banks and the federal government. And as of today, it looks like Congressional inaction means that vice will squeeze even harder on the next year’s students and their families.

Thirty-seven million Americans – hard working, responsible individuals trying to get ahead – are saddled with over one trillion in debt from loans they took out to pay for their technical college, job training or college education.”

Yet Wisconsin’s Congressional Republicans stood up for big banks who don’t want borrowers to be able to refinance their loans and for the ability of banks and the federal government to profit from tens of billions of dollars off of student loan interest.”

# # #

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

wisconsin state capitol building at night
Press Release

Scott Walker to Call Special Session on Attacks on Poor, People of Color

Wisconsin Republicans led by Gov. Scott Walker announced a special session of the legislature devoted to renewed attacks on families struggling to get by.
One Wisconsin Logo
One Wisconsin Now
01/18/2018
UNSPUN Screenshot
In the News

UNSPUN: Democratic Win in State Senate Special Election

Analysts discuss the Democratic win in a state Senate special election and fundraising numbers for Wisconsin gubernatorial candidates.
WMTV-TV
01/17/2018
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