Student Loan Survey
Nearly 1 million Wisconsin residents are struggling with student loan debt. The average debt is over $28,000. One of the best ways to help reduce the skyrocketing cost of student loans is to make it possible to refinance them the same as a car or home loan.
My Higher Ed/Lower Debt bill would make it possible for Wisconsin residents to refinance their student loans at lower interest rates.
Reducing the interest rate just 3% on a $28,000 loan can save a borrower $50 per month and over $590 per year on their payments. That's a savings of over $10,690 over the life of the loan. That's savings that can be used to buy a car, save for a home, or start a family.
Please take a few minutes to fill out this survey and share your ideas.