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IL HR0381
Resolution
Status
Passed
6/26/2017
Primary Sponsor
Emanuel Welch
Click for details
AI Summary
- Urges President Trump and the United States Congress to permanently reauthorize the Perkins Loan Program, the oldest federal student loan program established in 1958
- Highlights that the program served over 39,000 low-income Illinois students with more than $66 million in loans during the 2014-2015 academic year across 59 schools statewide
- Notes the program has distributed over $8 billion to more than 30 million undergraduate and graduate students nationwide over its 59-year history
- Emphasizes the program's importance to economically disadvantaged students by providing low fixed interest rates, flexible repayment terms, generous forgiveness programs, and removing credit barriers such as cosigner requirements
- Directs that copies of the resolution be delivered to President Trump, congressional leadership, and all members of the Illinois Congressional Delegation
Legislative Description
PERKINS LOAN PROGRAM
Last Action
Resolution Adopted
6/26/2017
Committee Referrals
Higher Education5/22/2017
Rules5/10/2017
Full Bill Text
No bill text available