Degrees Not Debt

Degrees Not Debt

Reduce Your Student Loan Debt

Existing student debt exceeds an astounding $1.2 trillion and over 40 million Americans are dealing with huge student loan payments every month. Find out how you can reduce your loan payments with Income Driven Repayments, or get rid of it all together through Public Service Loan Forgiveness. Visit www.nea.org/studentloanhelp to get started.

Briana Schwabenbauer

Briana Schwabenbauer

Wisconsin student loan debt is third highest in the country, making it hard for you to make ends meet on your starting salary. The Wisconsin Education Association Council is driving solutions for debt relief, including loan forgiveness and scholarships for teachers in hard-to-staff schools and support for education support professionals to pursue teacher certification. Plus, we’re behind the Higher Ed, Lower Debt bill to make refinancing easier and allow tax deductions for loan payments.

Recent articles about student loan debt:

  • Mason, Hansen reintroduce student debt relief bill

    State Representative Cory Mason (D-Racine) and State Senator Dave Hansen (D-Green Bay) are reintroducing a bill to allow college students and graduates to refinance their student loan debt. The “Higher Ed, Lower Debt” bill, which was introduced in the last two sessions but rejected by the Republican-controlled Legislature, would allow student loan borrowers to refinance ...
  • Author says student debt is ‘America’s most pressing problem’

    The human cost of rising student loan debt cannot be understated, Alan Collinge, founder of StudentLoanJustice.org, writes in The Hill. “Families and individuals are being financially destabilized and wrecked. Family formation, home and other purchases are being delayed or cancelled, people are actually fleeing the country and even committing suicide as a result of this ...
  • Rising costs shatter New Jersey student’s dream to attend UW

    In a column in Time magazine, a New Jersey mother laments the fact that her son will not be able to attend the University of Wisconsin because the university has hiked out-of-state tuition to the point that it is unaffordable to an average family and student aid is virtually non-existent. She writes: “Out-of-state tuition, room, ...
  • Wisconsin average student loan debt is $29,460

    A new report from the Institute for College Access and Success finds that the average recent Wisconsin college graduate with student loan debt owes $29,460. The state ranks fifth in the nation with 70% of 2015 college graduates having student loan debt, compared with 68% nationally. Nationwide, the average student loan debt for 2015 graduates ...
  • New polls find overwhelming support for allowing refinancing of student loans

    Public opinion research in key Wisconsin state Senate Districts by respected national pollster Paul Harstad finds “lopsided support” for allowing people to refinance their student loans, just like you can with a mortgage. Between 81 and 85 percent of those polled in state Senate Districts 12, 14 and 18 favored the idea. Read More...
  • We can manage college debt without costing taxpayers anything, Erpenbach says

    “The cost of higher education should not be a burden,” says State Senator Jon Erpenbach. “We know that refinancing of student debt is a viable alternative for those caught in high interest rates. All that is lacking in the Republican majority Legislature is the WILL to actually get something done.” Read More...
  • Wisconsin students have one of the highest levels of student debt in the nation

    A new series by the USA Today Network-Wisconsin explores the causes and problems related to heavy student debt in Wisconsin, where seventy percent of college graduates leave with debt, “making students here the third most likely in the country to have debt.” On average, each debtor graduates about $29,000 in the red — more than ...
  • Tuition freeze will cost students more, UWEC Chancellor says

    Governor Walker’s tuition freeze without providing additional state funding will extend students’ college careers, costing them more, UWEC chancellor James Schmidt says. Read More...
  • Minnesota approves student loan forgiveness program for teachers

    Minnesota teachers are eligible for student loan forgiveness of $1,000 each year, up to $5,000 over five years, under a new bill passed by the Legislature and signed into law by Governor Mark Dayton, who was awarded America’s Greatest Education Governor Award in 2012 by the National Education Association. Read More...
  • How college loans exploit students for profit: TED Talk by Professor Sajay Samuel

    Today, higher education has become a consumer product — costs have skyrocketed, saddling students with a combined debt of over $1 trillion, while universities and loan companies make massive profits. In this TED Talk, Sajay Samuel, a professor of accounting at the Smeal College of Business at Penn State University, talks about how college loans ...