Phone Call Us 414-326-9231
Toll Free 866-678-9352
Text Us 414-277-7742

Lawmakers starting to acknowledge student debt crisis (1 of 2)

It’s that time of year again. Thousands of college students across the state of Wisconsin are donning caps and gowns before receiving their hard-earned diplomas.

While receiving a college diploma is definitely something that should make a person proud, the debt it takes to get there is also causing a feeling of anxiety for many recent graduates.

Following graduation day, graduates know that they will have to immediately put their degrees to use in order to pay back the student debt they accumulated during the four years (or more) that they devoted to their education.

According to the most recent reports, Americans owe $1.2 trillion in student loan debt, which is the largest source of personal debt for Americans other than mortgage loans.

The student debt crisis was discussed last week at an event held in Madison, Wisconsin, where students and graduates shared their stories and politicians proposed solutions.

A UW-Madison graduate cried when she described graduating with more than $50,000 in student loans and wanting to pursue a law degree but being afraid of taking on even more debt.

Another Wisconsin resident said he was forced to join the military and serve in Afghanistan as a way to afford his college expenses after the tuition at UW-Stevens Point jumped significantly during his first two years.

“Two-thirds of Americans now leave college drowning in debt, unable to achieve their dreams or contribute to the economy in a meaningful way,” said U.S. Representative Mark Pocan, before saying that Congress needs to make “college education as affordable and accessible as possible.”

Check back tomorrow for part two of this two-part post. 

Source:, “Debt Casts a Shadow on Graduation,” May 16, 2014

No Comments

Leave a comment
Comment Information

Contact Our Milwaukee Law Firm

Reach Miller & Miller Law, LLC, online or call us at 414-326-9231 to schedule a free initial consultation. Our law office also provides Spanish language services. Se habla español.

To schedule an initial consultation, call 414-326-9231 or contact Miller & Miller today.

Free Case Evaluation

* indicates required field

Milwaukee Office
633 W Wisconsin Ave, Suite 500
Milwaukee, WI 53203

Phone: 414-312-6581
Fax: 414-277-1303
Milwaukee Law Office Map

Kenosha Office
6123 Green Bay Road
Suite 210
Kenosha, WI 53142

Phone: 262-326-1669
Kenosha Law Office Map

Brookfield Office
200 S. Executive Drive
Suite 101
Brookfield, WI 53005

Phone: 262-261-0665
Brookfield Law Office Map

Madison Office
2810 Crossroads Drive
Suite 4001
Madison, WI 53718

Phone: 608-260-7133
Madison Law Office Map

Glendale Office
6001 N. Green Bay Avenue
Glendale, WI 53209

Phone: 414-973-8662
Glendale Law Office Map