Today, student loan debt in the U.S. is estimated to hit the $1 TRILLION mark – far surpassing auto-loan and credit card debt. It’s a huge drag on our economy that not only places a heavy burden on the backs of recent graduates, but also poses a risk to our future economic prosperity.
In Wisconsin, the average UW student graduating with a 4-year degree has $27,000 in student loan debt, a daunting figure in our state’s worst-in-the-nation job loss market.
Add to this grim picture Gov. Walker’s $107 million tuition hike, Rep. Paul Ryan’s budget proposal to cut $200 million from financial aid and the very real threat that the GOP in the U.S. Congress will prevent action to stop a doubling of student loan interest rates and we’ve got a full blown crisis on our hands.
The trillion-dollar student loan debt crisis is no laughing matter, but we thought it would be fun to calculate what the average UW grad could do with their $27,000 share … Wisconsin style.
With $27,000 you could get:
- 6,750: Cream Puffs at the Wisconsin State Fair
- 5,400: Bags of Cheese Curds
- 1125: Deer hunting licenses
- 811: Day passes to a Wisconsin Dells waterpark
- 338: Tickets to a Green Bay Packers game
- 42: Weekends relaxing in a quaint cottage in Door County
So, what would you do with $27,000?