Illinois introduces state-backed student loans with competitive rates – WTVO (Rockford)

According to a press release, “The Illinois No Co-Signer Loan is open to Illinois residents attending an Illinois public or private not-for-profit university or college and is an attractive option for students who have maxed their grants, scholarships, and financial aid and have no access to a co-signer. The fixed annual percentage rate ranges from 7.99 percent to 9.49 percent."
2 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
The Railroader
1 year ago

Only a state run by imbeciles would consider giving a loan of any type with no cosigner and no background checks and no verification of any kind. Want to borrow more for your Social Justice degree from Northwestern? Have you run out of options to fund that gender studies degree from U of I? Go ahead and pile on that debt you could never repay out of future earnings. Just wait until JB the Hutt and his henchmen declare required student loan payments to be racist, sexist, homophobic or fattening. Then comes the money confiscated from taxpayers re-branded as ‘loan… Read more »

Daskoterzar
1 year ago

Oh my goodness, please do not get the State of Illinois into the Student Loan business with no cosigner and no back ground checks and no verification…good God. What a fiasco that would be and a complete drain on the Tax payer. Bad debt, graft, corruption…it would be a disaster.

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE