THE ILLINOIS STUDENT ASSISTANCE COMMISSION SAYS THE PRESIDENT’S STUDENT LOAN DEBT PLAN COULD BE FAIRLY SIGNIFICANT FOR BORROWERS HERE. 

MORE THAN ONE POINT FIVE MILLION ILLINOIS BORROWERS HOLD OVER 57 BILLION DOLLARS IN DIRECT STUDENT LOANS, SO THE DEBT RELIEF PLAN COULD HAVE A SERIOUS IMPACT. I-SAC SPOKESPERSON LYNNE BAKER RUNS THE NUMBERS, BUT STRESSES THAT THEY DON’T KNOW HOW MANY BORROWERS MEET THE INCOME ELIGIBILITY GUIDELINES.

BAKER SAYS 31 PERCENT OF ILLINOIS BORROWERS, ASSUMING THEY ARE UNDER THE INCOME LIMIT, WOULD SEE THEIR DEBT COMPLETELY ERASED.