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 predatory debt.”

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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, board, and fees for Wisconsin run more than $48,000 this year. Even with the money I’d saved in his 529 fund, there is no way I can afford to send him there, particularly on top of the cost of my elder son’s education. Their father and I are journalists, not hedge fund managers.”

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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.

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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.”

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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 ever before, the report says.

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College grads enter job market burdened by record debt – USA Today

“Along with their new diplomas, this year’s graduates will leave campus with an average of $28,950 of student debt, according to the latest figures from The Institute for College Access & Success, an independent nonprofit research organization. The institute found that from 2004 to 2014 the share of graduates with debt rose modestly from 65% to 69%, but the average debt at graduation rose at more than twice the rate of inflation.”

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