LEGISLATION HEADED TO THE GOVERNOR’S DESK IS DESIGNED TO HELP PROTECT STUDENTS WHO TAKE OUT LOANS FOR COLLEGE.
STUDENT LOAN DEBT HAS REACHED EPIC LEVELS SAYS SENATOR DANIEL BISS OF SKOKIE, WHO IS THE SPONSOR OF THE STUDENT LOAN BILL OF RIGHTS.
IT’S SPONSORED BY SENATOR DANIEL BISS OF SKOKIE.
THE BILL ALSO REQUIRES LENDERS TO EXPLAIN REPAYMENT OPTIONS WITH THOSE STRUGGLING TO PAY OFF THEIR LOANS AND SETS UP AN OMBUDSMAN WITHIN THE ILLINOIS ATTORNEY GENERAL’S OFFICE SO STUDENTS HAVE SOMEWHERE TO GO WITH COMPLAINTS ABOUT THEIR LENDER.
