Wisconsin Student Loans in Crisis | Milwaukee News

Over 100,000 Wisconsin student loan borrowers are now in default as federal payment pauses ended and repayment rules shifted, leaving many overwhelmed—especially after monthly payments skyrocketed from $100 to $500 for some, like single mom Marie. The end of the SAVE plan, which offered lower payments, has left borrowers with unmanageable bills, financial advisors struggling to help, and dire consequences looming: plummeting credit scores, blocked future education loans, and even wage garnishment. Default rates have jumped nearly 50% since last fall. Officials urge immediate action: check your loan details and contact servicers to find affordable options before it’s too late. Many are already slashing budgets and cutting back on life’s essentials just to survive these new debt burdens. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/88c9a41b9c7f1e80