Student Loan Plan Introduced
Thousands of young adults in Wisconsin are paying back college loans instead
of buying cars and houses and three Democratic state lawmakers will try to change that. Senate Minority Leader Chris Larson is sponsoring the proposal, along with Senator Dave Hansen and Assembly Democrat Cory Mason. Also on board, area lawmakers Steve Doyle and Jill Billings.
Billings says tuitions have doubled since 2001, and Wisconsin graduates are leaving college with high student loan debts.
Two thirds of Wisconsin graduates leave with loans, the 10th highest rate in the nation. The Higher Ed, Lower Debt measure would provide an avenue for refinancing the loans with a method similar to home mortgage loans.