One Wisconsin Now
Press Release

Sen. Ron Johnson Ought to be Apologizing Instead of Bragging About Record on Student Loan Debt

Actions That ‘Stabilized’ Borrowers’ Interest Rates Include Locking Borrowers Into Higher Interest Rates With Votes Against Common Sense Refinancing Plan

By - Jul 12th, 2016 12:32 pm
Ron Johnson

Ron Johnson

MADISON, Wis. — In a media report yesterday, Sen. Ron Johnson’s spokesperson touted how the Senator has “stabilized” student loan interest rates. Unfortunately, Johnson’s multiple votes against allowing student loans to be refinanced just like you can with a mortgage means borrowers in Wisconsin and across the nation are locked into stable, but higher than necessary, interest rates.

“Instead of bragging, Ron Johnson ought to be apologizing for what he’s done to student loan borrowers,” said One Wisconsin Now Executive Director Scot Ross. “He’s stood in the way of common sense refinancing to help millions of borrowers across the nation and in Wisconsin who worked hard to get their education and took on the personal responsibility to pay for it.”

According to statistics from the federal government, 515,000 Wisconsin student loan borrowers could have lowered their interest rates if they were allowed to refinance. Instead, because of Johnson’s votes, a majority of the over 800,000 Wisconsinites owing a collective $19 billion in federal student loan debt continue to pay higher than necessary interest rates.

Johnson’s shockingly out of touch positions on the crisis of college affordability don’t stop with opposing common sense proposals to allow refinancing of federal student loans. He has suggested that the federal government should not be involved in helping students with low interest loans or other means to help fund students’ higher education. Johnson publicly declared that more private for-profit colleges would somehow help resolve a student loan debt crisis that touches over 43 million Americans with over $1.3 trillion in debt.

The multi-millionaire U.S. Senator has also pointed to students themselves as causes of the crises of student loan debt and college affordability, based on his experience in the mid-1970s, when his tuition at the University of Minnesota was 1,700 percent lower than it is today.

Ross concluded, “There is a crisis of student loan debt and college affordability in this country. But far from helping, Sen. Johnson with his words and his actions has shown he is part of the problem.”

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

One Wisconsin Now

Dan Feyen Looking to Cash In On Support for Tax Break for Millionaires

Author of Tax Loophole That Sends $120,000 Windfall to Millionaires Featured Guest at Feyen Fundraiser

One Wisconsin Now
One Wisconsin Now

Student Loan Debt a Defining Issue Between Russ Feingold and Sen. Ron Johnson

New Report Finds Average Amount of Student Loan Debt on the Rise in Wisconsin in Advance of Senate Debate

One Wisconsin Now

If Sen. Ron Johnson Won’t Defend the Indefensible, How Does He Justify His Own Record on Sexual Assault Issues?

Record Includes Failing to Report Assault of Staff Person to Authorities, Dismissing Claims of Victim of Harassment and Voting Against Violence Against Women Act

One Wisconsin Now

Donald Trump Is Scott Walker’s Apprentice on Phony Voter Fraud Claims

‘Will Walker Finally Admit He Was Trying to Rig Elections With Voter Suppression Bills?’

One Wisconsin Now

In Latest Interview, Sen. Ron Johnson Confirms He is Still the Worst on Student Loan Debt Crisis

Declares Financial Aid for Students, Not 43 Million Americans With $1.3 Trillion in Debt, the ‘Real Problem’

See More Releases

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>