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Thousands of people

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across Wisconsin

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are not keeping up

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with repayment of student loans.

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I mean, it's a little bit of

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a canary in the coal mine.

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Because if you think about it

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many people who have

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student loans

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also have credit card loans

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they might have mortgages

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auto loans.

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These are the loans that

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they probably have delayed

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on making payments on.

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So once they get

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behind on these loans

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there could be a cascade

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where they can fall behind

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on their credit card loans

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and other kinds of loans.

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So

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it is something

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that's very concerning.

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What is the consequence

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for people who actually

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go into default

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on these loans?

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The big issue with student loans

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unlike almost all other forms

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of debt is

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these are unsecured loans

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and they don't go away

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in bankruptcy.

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So you have to pay them back.

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If you don't

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your wages will be garnished.

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Even your Social Security

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could be garnished

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as you get older.

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So, there really is

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no recourse but to pay

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these loans back.

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Most of the new payment plans

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are actually stretching payments

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now over 30 years.

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So that's quite a long time

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to have that burden

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of payments that

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you're going to take care of.