IL HR0223

Americans owe more than $1.7 trillion in student loans, representing a 100 percent increase over the last decade.

For-profit colleges serve less than 8 percent of Illinois students yet account for 1.7 times more in defaulted loan amounts than all other Illinois public and private institutions combined.

74 of 78 Illinois programs considered failing or near-failing based on graduate debt-to-earning ratios are at for-profit colleges.

In fiscal year 2019, 3,000 Monetary Award Program (MAP) grants used at for-profit colleges in Illinois could have funded those same students at community colleges plus an additional 5,600 students.

House urges prospective Illinois students to attend public and nonprofit colleges and universities and urges the General Assembly to redirect taxpayer funding from for-profit colleges to support high-quality student-centered higher education.