Higher Ed Lower Debt Bill to Receive a Public Hearing

(Madison)--Legislation which could help thousands of student loan borrowers throughout Wisconsin refinance their debt will receive a public hearing in the Senate Committee on Universities and Technical Colleges on Wednesday, October 7 in the State Capitol.

Senate Bill 194, authored by Senator Dave Hansen (D-Green Bay) and Representative Cory Mason (D-Racine), is often referred to as the Higher Education Lower Debt Act.  If enacted, it would create a state authority to help borrowers refinance their student loans, allow borrowers to deduct student loan payments on their state income taxes, and require borrowers to receive counseling about student loan debt prior to taking out loans. 

“I am very pleased that the committee will be holding a hearing on this bill,” said Sen. Hansen.  “Since this legislation was first introduced last session I have heard stories from people across the state who are struggling to pay back their loans.” 

“These are not deadbeats, these are hard-working taxpayers who sought to pursue the American Dream by furthering their education and training.  They only want a better future for themselves and their families.  This legislation seeks to help them lessen the burden of paying for that education.” 

The hearing will be held in room 300 Southeast of the State Capitol at 10 a.m. on Wednesday, October 7th.  The hearing is open to the public and individuals are encouraged attend and testify.