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IL SB3637

Bill

Official Source

Status

Failed

1/13/2021

Primary Sponsor

Kimberly Lightford

Click for details

Origin

Senate

101st General Assembly

AI Summary

  • Amends the Student Investment Account Act by adding Section 53 to establish a student loan refinancing program administered by the State Treasurer.

  • State Treasurer shall develop specific criteria and guidelines for the program including borrower eligibility, consumer protections, program limitations and scope, and program accountability measures.

  • State Treasurer is authorized to adopt rules necessary to implement and administer the student loan refinancing program.

  • Takes effect immediately upon becoming law.

Legislative Description

HIGHER ED-STUDENT REFINANCING

Last Action

Session Sine Die

1/13/2021

Committee Referrals

Assignments4/12/2020
Higher Education3/12/2020
Assignments2/14/2020

Full Bill Text

No bill text available