On Dec. 22, 2021, the U.S. Department of Education announced a 90-day extension of the pause on student loan repayment, interest and collections through May 1, 2022. The extension will allow the administration to assess the impacts of the omicron variant on student borrowers and provide additional time for borrowers to plan for the resumption […]
Student Loan Refinancing Study Task Force Hosted their Second Roundtable Discussion
By Nyesha Stone The Student Loan Refinancing Task Force is making stops around the state to listen to Wisconsinite’s stories on dealing with student debt. The idea originated from a recommendation made by Gov. Tony Evers. The task force includes the Wisconsin Department of Financial Institutions Secretary-Designee Kathy Blumenfeld, Wisconsin State Treasurer Sarah Godlewski, and […]
Milwaukee Ranks #13 as List on Cities with More Student Loans Than Mortgages
By Nyesha Stone It’s no surprise that Milwaukee is on yet another list that we don’t want to be on. A study commissioned by MagnifyMoney, found that 7.06 percent of Milwaukee residents owe more on their student loans than their mortgages, which places them a 13 on the list of cities with more student loans […]
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Racial Divides Found in Student Loan Defaults
Unsustainable Debt Trajectory Needs to Be Managed By Charlene Crowell With 44 million consumers owing student debt that now reaches $1.5 trillion and still climbing, a lot of people want to better understand how and why this unsustainable debt trajectory can be better managed. For Black consumers who typically have less family wealth than other […]