Missing from the reported details of the latest tax scheme to be unveiled by Gov. Scott Walker in this evening's “State of the State” address is any help for Wisconsin borrowers caught in the $1.2 trillion student loan debt crisis.
We're incredibly proud to have Analiese on our team. Her efforts on the student loan debt crisis have been key in building a state and national movement to solve the crisis of student loan debt.
The “Higher Ed, Lower Debt” bill would operate under a method similar to refinancing home mortgage loans... One Wisconsin Now has been studying the implications of student loan debt on the Wisconsin economy for the past two years. [Capital Times]
The WISTAX study reveals how students and their families are increasingly being squeezed because of a system in which state support for higher education is being slashed and tuition is skyrocketing.
The results of a new state-by-state survey by the Institute for College Access and Success show Wisconsin has the eighth highest percentage of college graduates with student loan debt in the nation.
Support is growing for a Wisconsin plan to address the harsh burdens of huge student loan debt. Scot Ross, executive director of One Wisconsin Now, said many people are not aware of the magnitude of the problem. [Public News Service]
Greendale Village President and Assembly candidate John Hermes has added his name to the growing list of supporters of the Higher Ed, Lower Debt Act.
One Wisconsin Now Executive Director Scot Ross today called on State Representatives-elect Jessie Rodriguez and Bob Kulp to join 54 soon to be colleagues and publicly support the Higher Ed, Lower Debt Act.
This bill creates a system that allows students to focus on school now, make educated decisions about how they are paying for school, and helps them afford their payments later.
The Eau Claire area is home to thousands of the estimated 753,000 Wisconsinites with federal student loan debt
Students like me are working hard to provide for our future and improve our communities. We aren't asking for a handout, but we are asking for a fair shot.
Our research shows that if you have a student loan debt you're two thirds more likely to be a used car owner as opposed to a new car owner and you're two thirds more likely to be a renter or live with your parents. [WGBA-TV]
Citing crippling student loan debt that prevents young adults from buying cars and homes, three state Democratic lawmakers on Wednesday pushed for creation of a new state authority to refinance student loans. [Milwaukee Journal Sentinel]
The student loan relief bill wouldn't solve all the problems, but it could put Wisconsin at the forefront of recognizing and fighting them. [Capital Times]
What the higher ed, lower debt bill does is it’s going to take charge of that and allow consumers to have more power with their economic decisions. [WISC-TV]
Whether it will gain support among Republicans remains unclear… Ross and his staff have been researching the implications of student loan debt on the Wisconsin economy for the past two years. [Capital Times]
New legislation announced today could bring common sense relief for the family budgets of hundreds of thousands of state students and borrowers.
The nonprofit One Wisconsin Institute, a liberal nonprofit research group, found that the average payoff time for a student loan was 21 years. That’s a long time to wait to buy a home. [Lender Hookup]
State legislators participating in a student debt panel on campus Tuesday said despite holding statewide elected offices, they are still paying off the loans they took out to finance their college education. [Badger Herald]
One Wisconsin Now Executive Director Scot Ross was invited to be a featured speaker at the 12th Annual Fighting Bob Fest, where he addressed the student loan debt crisis to an enthusiastic crowd. [Fighting Bob Fest]
The campaign against the trillion-dollar student loan debt crisis and the effort to raise awareness about the devastating effects of it on students, workers and the economy has gained a prominent new advocate.
On the heels of legislation introduced by Rep. Mark Pocan that would allow anyone with federal student loans to refinance them to the lowest interest rates available. [Capital Times]
The votes of Wisconsinites are there for progressives to take, Scot Ross told the crowd at Saturday's Fighting Bob Fest, the annual gathering of progressives. And it all comes down to student loan debt. [Capital Times]
Scot Ross said Pocan's proposal is a common sense approach. “Why should student loans not be able to take advantage of lower interest rates?” [Wisconsin Public Radio]
“A strong economy demands an educated workforce and a robust middle class, and students are taking responsibility for paying for their education and job training.” [U.S. Rep. Mark Pocan]
We applaud President Obama for taking this crisis seriously and pushing for expansion of income based repayment for tens of millions of borrowers.
Obama's push for reforms to boost the housing market could be helped by enacting common sense reforms to ease the burden of the student loan debt faced by over 37 million Americans.
While some D.C. politicians like Sen. Ron Johnson are all too eager to declare the student loan debt crisis solved, it is clear more action is needed.
A recent survey from One Wisconsin Institute, a communication network for Wisconsin progressives, found that it will take the average student loan borrower more than 21 years to completely pay off their debt. [Alfred Woody]
Without a sense of urgency and action on real, comprehensive solutions, we run the risk of seeing the $1.2 trillion student loan debt crisis become a $2 trillion economic catastrophe.
To stop the trillion dollar student loan debt crisis from becoming a two trillion dollar albatross on the American economy we need to do more, like common sense solutions allowing people to refinance their student loan.
Scot Ross of One Wisconsin Now is an advocate for wholesale reform of student loan debt. Ross believes the current senate deal is just a short term solution. [WITI-TV]
Over the course of the show, Bayrd and Ross discussed not only the crushing student loan debt, but also how it is affecting the economy. [WORT-FM]
Senator Baldwin was exactly right in her speech on the Senate floor today, higher education and job training ought to be a path to the middle class, not a path to indebtedness.
Americans paying off student loans are, depending on income, 25 to 36 percent less likely to own a home than those who are free of student debt, a One Wisconsin Now survey of 61,000 people found last month. Indebted graduates faced an average of 21 years of debt before their student loans were paid off. [Telegram]
Scot Ross of One Wisconsin Now and UWM student Santera Michels discuss the burden of U.S. student loan debt, which totals $1 trillion. [WISN-TV]
The Consumer Financial Protection Bureau today announced that the amount of debt on federal student loans alone exceeds one trillion dollars, and the total student loan debt in the U.S. has surpassed $1.2 trillion.
The homeownership rate for those individuals who are still paying off student loans is 36 percent lower than among their peers who have no student debt, according to research from the One Wisconsin Institute [LA Times]
Ross said that dealing with the need-based rate increase would be a start, but that “greater steps need to be taken to deal with this crisis.” [Milwaukee Journal Sentinel]
Scot Ross with One Wisconsin Now said “the sentiment expressed by Ward shows a substantial disconnect about financing higher education and the impact of exploding debt on borrowers.” [Wisconsin Radio Network]
One Wisconsin Now Executive Director Scot Ross said that the sentiment expressed by Ward shows a substantial disconnect about financing higher education and the impact of exploding debt on borrowers.
With the crippling student loan debt crisis, many now realize all of their time and effort spent getting a higher education is not paying off.
Many changes are needed to help alleviate the problem, and these changes will only happen if this issue becomes prominent enough to spur change.
Republicans in the U.S. Senate today voted en masse to deny the 60 votes necessary to move to a vote on legislation that would repeal the doubling of interest rates on federal student loans.
The U.S. Senate prepares to vote on a stopgap measure to repeal a doubling of interest rates on federal student loans.
The problem of student loan debt “has been wildly under-covered,” said Scot Ross of One Wisconsin Now, whose group has been very vocal on the issue and opposes the GOP plan for letting interest rates on student loans float. [Milwaukee Journal Sentinel]
With the U.S. Senate moving toward acting on legislation to repeal the increase in interest rates on federal student loans, U.S. Senator Ron Johnson has fallen strangely silent.
Americans paying off student loans are, depending on income, 25 to 36 percent less likely to own a home than those who are free of student debt, a One Wisconsin survey of 61,000 people found last month. [Tampa Bay Times]
The growing share of debt for young people is hampering their ability to take out a mortgage or purchase a car, according to Scot Ross, executive director of One Wisconsin Now. [Milwaukee Journal Sentinel]
One Wisconsin Now, which has been leading the fight against letting the interest rates rise, presents some real life stories on its site of students and recent graduates struggling with their debt. [Capital Times]