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IL HR0374

Resolution

Official Source

Status

Passed

5/30/2009

Primary Sponsor

Monique Davis

Click for details

Origin

House of Representatives

96th General Assembly

AI Summary

  • Urges Congress to require that student college loans carry interest rates not exceeding 1%
  • Calls for former student loan borrowers to be given the opportunity to renegotiate existing loans down to 1% or less interest
  • Proposes freezing interest accrual on college loans for borrowers who become unemployed until they secure employment
  • Directs copies of the resolution to be sent to the U.S. Senate President pro tempore, House Speaker, and all members of the Illinois congressional delegation

Legislative Description

COLLEGE LOANS-INTEREST RATE

Last Action

Resolution Adopted 116-001-000

5/30/2009

Committee Referrals

Higher Education5/15/2009
Rules5/12/2009

Full Bill Text

No bill text available