AG urges governor to sign student loan bill of rights
SPRINGFIELD, Ill. (WICS) —
Monday, Attorney General Lisa Madigan convened a forum with education advocates, urging Governor Bruce Rauner to sign into law a student loan reform bill.
According to Madigan, Senate Bill 13-51 would require student loan servicers to:
- Properly process payments.
- Require specialists to explain to borrowers, all of their repayment options.
- Inform borrowers that they may be eligible to have their loans forgiven.
- Obtain a license to operate in Illinois.