MADISON, WI (WTAQ) - The Wisconsin Senate's majority leader says he has doubts about a bill to let over 750,000 state residents refinance their student loans and get a tax break.
Republican Scott Fitzgerald was shaky about the bill's prospects, after it got strong support at a public hearing Wednesday.
Minority Democrats proposed the measure. Green Bay Senator Dave Hansen and Racine Representative Cory Mason said thousands of college graduates are being hurt by their student loans -- because it stops them from helping the economy by buying big ticket items like cars and houses.
The measure would let grads refinance their student loans and deduct up to $6,500 a year off their state income taxes.
A member of the Wisconsin Higher Education Aids Board said it might encourage students to borrow more than they already are.
(Story courtesy of Wheeler News Service)