Bill Title: Amends the Know Before You Owe Private Education Loan Act. Provides that the annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman shall include the total number and dollar amount (instead of the volume) of private education loans made annually by a private educational lender, the total number and dollar amount (instead of the volume) of private education loans made annually at institutions of higher education, the total number and dollar amount of private education loans made annually with a cosigner, and the default rate for the private education loans reported by the private educational lender pursuant to specified provisions for the previous reporting period. Effective immediately.

Sponsorship: Partisan Bill (Democrat 5)

Status: (Enrolled) 2026-05-14 - Passed Both Houses [HB4754 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Enrolled	2026-05-15	HTML/Text	Link	View
Engrossed	2026-04-08	HTML/Text	Link	View
Introduced	2026-02-02	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois HB4754

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois HB4754 currently on file.