Bill Title: Amends the Student Investment Account Act. Provides that the State Treasurer shall develop and implement a student loan refinancing program. Provides that the State Treasurer shall establish specific criteria and guidelines for the program, including: the eligibility of borrowers who may participate in the program; establishing consumer protections for borrowers in the program; the limitations and scope of the program; and program accountability. Authorizes rulemaking. Effective immediately.

Sponsorship: Partisan Bill (Democrat 3)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3637 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2020-02-14	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for Illinois SB3637

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for Illinois SB3637 currently on file.