U.S. Rep. Ron Kind discusses student loan debt plan

EAU CLAIRE, WIS (WEAU)- Thursday U.S. Representative Ron Kind was in Eau Claire to discuss his student loan debt action plan.

Representative Kind discussed his five-step plan that included: the government not profiting from student loans, allowing refinancing of student loans, expanding the student loan interest deduction, matching loan payments to earnings, and he is also pushing for giving students the same interest rates a big banks.

Congressman Kind broke down why he believes this bill to be so important saying "The typical undergraduate in Wisconsin is looking at $2,800 worth of debt by the time they finish school. Nationwide, $1.2 trillion worth of debt with student loans exceeding credit card debt for the first time in our nation’s history.”

He also says he’s worried the debt is putting students in a deep financial hole and it will lead to an economic bubble waiting to burst, doing harm to the growth of job creation.

The bill is still in the early stages but when asked if the congressman has gotten much support he says that instead of support he’s seeing deep cuts to financial aid programs.


The comment sections of our web set are designed for thoughtful, intelligent conversation and debate. We want to hear from the viewers but we are not obligated to post comments we feel inappropriate or violate our guidelines. Here are some of the criteria you should follow when posting comments:

Comments cannot be profane or vulgar. Children and families visit this site. We will delete comments that use profanity or cross the lines of good taste.

We will delete all comments using hate speech. Slurs, stereotypes and violent talk aren’t welcome on our web site.

Comments should not attack other readers personally.

We will delete comments we deem offensive, in bad taste, or out of bounds. We are not obligated to post comments that are rude or insensitive.

We do not edit user-submitted comments.

As a host WEAU 13 News welcomes a wide spectrum of opinions. However, we have a responsibility to all our readers to try to keep our comment section fair and decent. For that reason WEAU 13 News reserves the right to not post or to remove any comment.
powered by Disqus
WEAU 13 NEWS 1907 S. Hastings Way Eau Claire, WI 54701 By Phone: Main Number (715) 835-1313 and (715) 832-3474. Tip Line (715) 839-WEAU - (715) 839-9328 Sports Line (715) 852-1537
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 256616281 - weau.com/a?a=256616281
Gray Television, Inc.