According to new, national research by One Wisconsin Initiative, the rising student loan debt will have a significant ripple effect on the economy, specifically lower rates of home ownership and new automobile purchasing.
"American families are increasingly being squeezed by student loan debt," Ross said. "Instead of their money going to drivers of economic recovery like new auto and home purchases, it's going to pay off the big banks and the federal government. That's no good for any of us, whether you have student loan debt or not."
Ross joined us on 27 news at 5 on Wednesday to talk about the upcoming deadline for Congress.