Responding towards the COVID-19 pandemic, borrowers with student education loans stored from the You
Chi town – The latest Illinois Service regarding Financial and you can Elite group Control (IDFPR) submitted statements right now to the latest U. The fresh new letter outlined ways borrowers out-of colour disproportionately fight along with their student loans and you will expected standardized consumer protections when you are highlighting the necessity for went on federal and state partnerships.
S. Agency off Degree urging they in order to go ahead with strong equity-centric student loan guidelines to help consumers suffering from its college student financing personal debt
“When a lot of consumers is battling beneath the devastating weight out-of their student loan personal debt, it is important in order to permit all of them with the units you’ll so you’re able to effortlessly lower their student education loans,” told you Mario Treto, Jr., Pretending Secretary of the Illinois Agencies from Economic and you will Elite Control. “The fresh new measures that Agencies from Education try getting are incredibly crucial that you one to aim, plus the Pritzker administration continues to endorse having solid reforms that help Illinois education loan consumers.”
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