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Illinois private and federal student loan borrowers owe an average balance of $36,531 — sixth-highest in the nation and just below the national average of $36,689.
An Aug. 31 student loan repayment deadline has been looming over millions of Americans for months, with many families are coming to grips with the possibility of having to restart payments in a ...
The U.S. Supreme Court's rejection of President Biden's student loan forgiveness plan puts Illinois borrowers back on the hook for $65 billion.
Student loans may be discharged through bankruptcy, but this is difficult. [2] Research shows that access to student loans increases credit-constrained students' degree completion, later-life earnings, and student loan repayment while having no impact on overall debt. [3]
Income-based repayment or income-driven repayment (IDR), is a student loan repayment program in the United States that regulates the amount that one needs to pay each month based on one's current income and family size.
However, as Adam S. Minsky of Forbes notes, when three other debt relief programs expire this year, student loan borrowers are going to have to look elsewhere for alternate targeted-repayment ...