MADISON (WKOW) -- It's estimated that nearly 40-million Americans owe money on their student loans; a total of $1.2 trillion.
Wednesday, two state lawmakers began a campaign to help those people who live in Wisconsin.
Their proposal would allow borrowers to deduct student loan payments from their income tax and allow them to refinance the loans at lower interest rates.
Senator Dave Hansen (D-Green Bay) says there are thousands of young families struggling to make ends meet while they wait for the job situation to improve.
"These are not deadbeats, these are industrious individuals who incurred debt attending school when the economy was in better shape and there was promise of more jobs available after their education was complete," said Sen. Hansen.
Senator Hansen and Assemblyman Cory Mason (D-Milwaukee) are authoring the student loan bill in the legislature; they plan to formally introduce it later this month.
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