Tag Archive: Degrees Not Debt

Nov 08

Americans over age 60 fastest growing demographic for student loan debt

According to the Consumer Financial Protection Bureau’s “Snapshot of Older Consumers and Student Loan Debt”, the age demographic in which student loan debt is increasing fastest is Americans over the age of 60. Factors for the explosion of debt in this group, according to the report, include it taking longer for borrowers to repay their loans and more parents and grandparents borrowing to help finance higher educations for their children or grandchildren.

Sep 12

Survey finds strong support for laws to help Wisconsinites refinance student loans

Results of a new poll commissioned by One Wisconsin Institute finds broad support for reforms to help student loan borrowers. Nearly two-thirds of respondents favor allowing student loan borrowers to refinance their loans, just like you can with a mortgage. Since 2013, Republicans in the Legislature have repeatedly blocked legislation to help borrowers refinance their student loans.

Jul 18

Many teachers struggling with low pay and high student debt, survey finds

In addition to being underpaid, many teachers are struggling to pay off hefty student loans, leaving them feeling overloaded and trapped, according to results of a new survey by NPR Ed. On a scale of 1 to 5, with five being “terrified” 28% of respondents said they were indeed “terrified,” while another 24% selected “4”, meaning a majority of teachers surveyed were either “terrified” or just shy of being “terrified.”

Dec 12

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.”

Dec 05

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.”

Oct 19

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 was $30,100, a 4% increase over 2014. “We need to make college more affordable and debt less burdensome for students and families,” said TICAS president Lauren Asher.

Sep 22

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.

Sep 16

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.”

Aug 03

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.

Jun 23

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.

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