Don’t leave us a loan: Wisconsin’s efforts to end student debt crisis

College is full of necessary evils — walking to class in the rain, subsisting solely on cup noodles, actually buying your textbooks. But perhaps the most pervasive, most potentially devastating and least funny of these evils is student loans, and subsequently, student debt.

The student debt crisis is reaching an all-time high. Roughly 43 million American adults — around one-sixth of the U.S. population older than age 18 — owe $1.5 trillion in student loan debt. That statistic does not count the estimated $119 billion in student loans from private, non-governmental sources...

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Notes: I wrote an article about this several years ago with an idea. I can`t find it on line so here is the quick version. Allow students in Wisconsin to deduct student loan interest for tuition paid to public schools from the bottom line of their state income tax. It will serve to keep some graduates in the state (prevent brain drain). It will not cost $29,569 per student. It will encourage repayment of loans.



- - Volume: 7 - WEEK: 30 Date: 7/25/2019 12:05:35 PM -