To: The Wisconsin State House, The Wisconsin State Senate, and Governor Tony Evers
New Bill in Wisconsin to Tackle Student Loan Debt
Support the "Higher Ed, Lower Debt" bill (S.B. 375) that will provide practical solutions to lowering the cost of college and student loan debt.
Why is this important?
The Higher Ed, Lower Debt Act (SB 375) introduced by state senators Dave Hansen and Cory Mason would:
- Create a state authority to help borrowers refinance their student loans, just like you can a home mortgage;
- Allow borrowers to deduct their student loan payments on their state income taxes, just like you can with home mortgage interest;
- Require borrowers be given detailed information before entering into loan agreements, offer counseling to students and parents on the implications of student loans and require the state to collect and disseminate information about private lenders and maintain a ranking system; and
- Track information about student loan debt in the state to help policy makers better understand the depth and breadth of the debt crisis in Wisconsin.
Thousands of borrowers with student loan debt live in Wisconsin. These are students who have worked hard to get their education and deserve to be given a fair shot at being in the middle class when they graduate college.
Read more at www.bit.ly/WILowerDebt