MADISON, WI (WTAQ) – A Wisconsin Senate committee has heard the pros and cons of refinancing student loan debts, and giving state tax deductions to those who pay their loans off.
The Senate’s committee on colleges held a public hearing on a measure promoted by Democrats. It would create a new state authority to sell bonds for the re-financing of student loans.
Assembly Democrat Cory Mason of Racine told the panel that students would get “substantial savings” through lower interest rates and tax incentives.
GOP committee chairman Steve Nass questioned whether a state authority could create savings large enough to make it worthwhile.
No majority Republicans have co-sponsored the bill — but Democrats hope the proposed tax breaks could attract at least some GOP votes.
(Story courtesy of Wheeler News Service)
