Student loan debt is a national crisis. Student loans are the second largest type of consumer debt in the U.S., crippling students and borrowers with over $1.2 trillion1. It’s time to take action and help students and borrowers.
Student loan debt is hurting our economy. Individuals with college degrees pay an average of $350 a month, making them less likely to buy a new car or home2. Student loan debt is robbing the middle class of their future.
1. Consumer Financial Protection Bureau, 7/17/13 | 2. One Wisconsin Now, 9/27/12 | 3. Comparative Summary of Budget Recommendations, 201 Act 32; Associated Press, 4/9/14