Gov. Walker Solution to Student Loan Debt Crisis He Helped Create: ‘Call a Bank’
One Million Wisconsin Student Loan Borrowers Deserve Better from Governor
MADISON, Wis. — Gov. Scott Walker is reported to be taking flight in a state airplane on a media tour following his 2017 state of the state address. Among the topics he is expected to discuss is his recycled advice to Wisconsin borrowers to “call a bank” to help them deal with the student loan debt crisis. One Wisconsin Now Executive Director Scot Ross noted that there are nearly one million student loan borrowers in Wisconsin with $19 billion in federal student loan debt alone, and 43 million borrowers with over $1.4 trillion in debt nationally, yet the financial industry has failed to help solve the problem.
“Gov. Walker is either incredibly naive or purposely disingenuous on the student loan debt crisis,” commented Ross. “If banks could have solved a problem that would have gotten them 43 million customers, don’t you think they already would have? The system isn’t treating borrowers fairly, it needs to be reformed and we need our elected leaders to step up with real solutions.”
According to research, the student loan debt burden is harming borrowers economic prospects and hindering the state economy, reducing new car purchasing, rates of homeownership and entrepreneurism.
Meanwhile, Gov. Walker has joined with legislative Republicans in Wisconsin and in Washington D.C. in blocking action on reform. In Wisconsin the Higher Ed, Lower Debt Act has been introduced for two consecutive legislative sessions. The common sense measure would create a state authority to help borrowers refinance their student loans, just like you can with a mortgage. The measure also extends a state tax break to payments on student loans and provides additional consumer information about higher education loans.
Ross concluded, “The student loan debt crisis in not a new phenomenon that only burdens a select few. It is a state and national crisis, it is a multi-generational crisis and it is a worsening crisis. Telling people to call their bank isn’t a solution, it’s a dodge. And the nearly one million Wisconsin borrowers who worked hard to get their education and took on the responsibility to pay for it deserve better from the governor.”
One Wisconsin Now is a statewide communications network specializing in effective earned media and online organizing to advance progressive leadership and values.
Press Releases by One Wisconsin Now
“It is up to us to stand up to discrimination.”
Why Would Gov. Walker’s Campaign Chair Host Fundraiser for Walker Recall Petition Signer John Humphries? Follow the Money.Jan 19th, 2017 by One Wisconsin Now
Right-Wing Kingpin Who Spent Over $100 Million to Fight For More Public Funding For Less Accountable Private Voucher Program Makes a Deal in Public School Superintendent Race
Support for Betsy DeVos as Federal Education Secretary Another Lesson About John Humphries’ PrioritiesJan 19th, 2017 by One Wisconsin Now
We’re Learning the Only Thing You Can Trust is That Humphries Will Put His Political Ambition Before Best Interests of Wisconsin Schools and Kids
Republicans ‘Must Immediately Condemn Loathsome Comments Made by President-Elect’
Gov. Scott Walker Offers Recycled Advice Instead of Solutions For Wisconsin’s Growing Student Loan Debt Crisis in State of the State SpeechJan 10th, 2017 by One Wisconsin Now
Add No Help for Student Loan Borrowers to Growing List of Walker Failures
By Any Measure — Job Creation, Quality of Life, Student Debt, Basic Competence — Walker Administration is a Failure