Beginning in 2019, Illinois turned the fresh fourth jurisdiction in the nation to permit scholar financing servicers
Chi town – The fresh Illinois Department away from Financial and Professional Regulation (IDFPR) submitted statements right now to the brand new You.S. Agency regarding Degree urging it in order to proceed which have good equity-centric education loan laws to help borrowers struggling with their student loan obligations. This employs the newest Department out-of Studies requested statements away from stakeholders getting consideration because it set rulemaking committees into the subjects in higher training, like the improve off student loan payment consequences.
“When so many consumers is actually stressed within the crippling pounds away from their education loan debt, it’s important to help you facilitate these with the products possible to help you successfully reduce the figuratively speaking,” said Mario Treto, Jr., Acting Secretary of one’s Illinois Department away from Financial and you may Professional Control. “The fresh new actions the Service of Degree try bringing are vital that you one point, together with Pritzker government will continue to endorse for solid reforms which help Illinois education loan individuals.”