IL HR0696

Urges U.S. Congress to recognize student debt as a crisis affecting African Americans and the nation, and to enact legislation easing the burden on current borrowers.

Calls on state legislators to enact laws ensuring fair treatment by student loan servicers and establishing standards to end unfair and deceptive practices.

Affirms states' right to license and regulate student loan servicers operating within their borders.

Urges full funding of public higher education prioritizing affordability and accessibility while addressing historic inequalities in African American access to education.

Encourages development of innovative solutions for student debt held by states through state agencies or state-issued student loans.