state_legiscan_drain · IL
PRIVATE EDUCATION LOANS-REPORT
February 2, 2026
Summary
If enacted, this bill would amend the Know Before You Owe Private Education Loan Act to require private educational lenders to include in their annual report the total number and dollar amount of private education loans made annually, the number and dollar amount with a cosigner, and the default rate for the previous reporting period.
AI-generated summary · Jun 14, 2026. Verify with your compliance counsel before acting.
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Source: https://www.ilga.gov/Legislation/BillStatus?DocNum=4754&GAID=18&DocTypeID=HB&SessionID=114&GA=104
Common questions
- What does "PRIVATE EDUCATION LOANS-REPORT" cover?
- If enacted, this bill would amend the Know Before You Owe Private Education Loan Act to require private educational lenders to include in their annual…
- When was it published?
- It was published on February 2, 2026.
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