Subject: Student Loan Debt
From: Denise Cardinal <[email-masked]>
To: [email-masked]
Date: Tue, 28 May 2013 17:45:44 -0500 (CDT)

::: ProgressNow - Advancing Progressive Agendas, State by State ::: 

Dear Friends and Colleagues,

Below is a great example of how our Wisconsin affiliate is working to
keep voters informed, even if it is the somewhat disheartening topic
of student loan debt. By not only providing information but also
methods to become involved, we hope to spur engagement among young
voters. This is just 1 of our 21 states doing what we do every day
- make progress happen, and happen NOW.

As always, let me know what you think, or even better, contribute to
us here.

http://progressnow.pnstate.org/site/R?i=L6qowpjB4KQ7XWxts-hP5A

Best,
Denise Cardinal
Executive Director
ProgressNow
ProgressNow Education

One Wisconsin Now Congratulates Graduates With Information on Student
Loan Debt

With college graduations starting this week, One Wisconsin Now wants
to be sure that students are aware of the realities they face, and the
effect their student loans have on the economy. The Congressional
Budget Office is now projecting the government will make a $51 billion
profit from student loans in fiscal year 2013, roughly $6 billion more
than Exxon-Mobil, the most profitable corporation in the U.S. in 2012,
according to a report in the Huffington Post. One Wisconsin Now
Executive Director Scot Ross commented, "It is obscene that our
government is projected to make more off the loans students have taken
out to pursue their higher education, than the most profitable
corporation in the country made in net profits last year."

http://progressnow.pnstate.org/site/R?i=WgoEslb2ZsXxfECLGnO3hg

Original research by the One Wisconsin Institute (the ProgressNow
Education affiliate in WI) found that the impact of the
trillion-dollar student loan debt crisis goes far beyond students and
their families. Graduates with a Bachelors degree report making
average monthly payments of $350 for an average term of 18.7 years.
The economy-wide detrimental impacts of this debt include over $200
million in lost new auto sales every year and significantly lower
rates of home purchasing and ownership among graduates earning solid
middle class incomes but are saddled with student loan debt. Wisconsin
Representative Mark Pocan, speaking for the Progressive Caucus,
acknowledged the Institute's research on the House floor (see
10:10) this past Wednesday May 22. To learn more about this research,
you can watch Executive Director Scot Ross on MSNBC.
http://progressnow.pnstate.org/site/R?i=liQM20JZ1M7rgEDR0AYYSg
http://progressnow.pnstate.org/site/R?i=6jLcgGMIT8LAKEc315cT4A

http://progressnow.pnstate.org/site/R?i=rdkPX4Q2nvPtoH9uEIvyYg

However, the One Wisconsin Institute is not just sitting on the
sidelines. Instead, the Institute has begun a six-year strategic plan
in conjunction with the ProgressNow network to raise awareness of the
dire economic impact of the trillion-dollar student loan debt crisis
and to encourage policy solutions at both the state and federal level.
This includes implementing research and communication campaigns, with
the hope of not only informing the public but also encouraging voter
turnout and engagement among younger voters in 2014 and 2016
elections.

:::

Copyright 2012 ProgressNow

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