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Student loan refinancing bill gets hearing

Lawmakers are debating a proposal to let students refinance their student loans.

An Assembly committee held a hearing on the bill yesterday. Democratic Senator Dave Hansen of Green Bay says in Wisconsin, it would help about 750,000 people, pay off their school debt.

Republican Rep. Michael Schraa of Oshkosh says it would be very difficult to find backers for the loans, because of the risk of defaults.

The bill also requires the state, and schools, to give students clearer information about the debt they accept. It would create an income tax deduction for student loans, as well.

posted : February, 11th by WHBY

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