On Air Now

Listen

Listen Live Now » 101.9 FM Central Wisconsin

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
38° Feels Like: 38°
Wind: W 3 mph Past 24 hrs - Precip: 0.13”
Current Radar for Zip

Tonight

Cloudy 36°

Tomorrow

Partly Cloudy/Wind 58°

Sat Night

Mostly Clear 31°

Alerts

Senate Majority Leader not promising much for student loan bill

Student Loan Debt (courtesy of marketplace.org)
Student Loan Debt (courtesy of marketplace.org)

MADISON, WI (WTAQ) - The Wisconsin Senate's majority leader says he has doubts about a bill to let over 750,000 state residents refinance their student loans and get a tax break.

Republican Scott Fitzgerald was shaky about the bill's prospects, after it got strong support at a public hearing Wednesday.

Minority Democrats proposed the measure. Green Bay Senator Dave Hansen and Racine Representative Cory Mason said thousands of college graduates are being hurt by their student loans -- because it stops them from helping the economy by buying big ticket items like cars and houses.

The measure would let grads refinance their student loans and deduct up to $6,500 a year off their state income taxes.

A member of the Wisconsin Higher Education Aids Board said it might encourage students to borrow more than they already are.

(Story courtesy of Wheeler News Service)

Comments