· IL legislature · 104th

STUDENT LOAN SERVICING RIGHTS

Amends the Student Loan Servicing Rights Act. Creates within the Act an Article concerning educational income share agreements. Contains provisions concerning: monthly payment affordability; maximum annual percentage rates; limits on the duration of income share agreements; risk sharing; limits on covered income; fe…

Sponsor

Maurice West (D-IL)

Introduced

2025-02-04

Policy area

Education

Latest action

Public Act . . . . . . . . . 104-0383