ISDC

Details: Wednesday, February 16, 2022 06:17 PM

SPRINGFIELD – To increase accessibility for higher education, State Senator Cristina Pacione-Zayas (D-Chicago) has advanced a measure to allow the state treasurer’s office to make payments to Children’s Savings Accounts specifically for students from financially insecure households.

“Historically, Black and Latine families have faced systemic barriers to higher education including affordability, and we need to make sure the programs we have in place to help children are as equitable as possible,” Pacione-Zayas said. “Children’s Savings Accounts are a great mechanism for helping students afford education expenses, but we need to make sure families who need help get assistance.”

The Illinois Children’s Savings Account program will go into effect in 2023. Under the current program, applicable families will receive a seed deposit of $50. Senate Bill 3991 allows the state treasurer’s office to supplement CSA’s for financially insecure households with additional funds.

Turner’s bill to honor service members passes Senate

Details: Wednesday, February 16, 2022 06:14 PM

SPRINGFIELD – In an effort to honor our state’s fallen heroes, State Senator Doris Turner (D-Springfield) is championing a measure to honor their next of kin with the presentation of an Illinois flag.

“Our country would not be where it is today without the sacrifice of our brave men and women in uniform,” Turner said. “This measure will help show the respect we have for the families that pay the ultimate sacrifice.”

Under Turner’s measure, if an Illinois resident dies while on State Active Duty or Federal Active Duty, their next of kin would be presented the Illinois state flag by military personnel.

Senate approves Johnson’s plan to reduce school fees for children of military personnel

Details: Wednesday, February 16, 2022 05:53 PM

Senator Johnson 2 10 22

SPRINGFIELD – Schools fees may soon be waived for low-income students with veteran or active military parents under a measure by State Senator Adriane Johnson (D-Buffalo Grove) passed through the Senate Wednesday.

“Veterans and active military members endure many hardships, and families with young children are finding it difficult to keep up with school fees,” Johnson said. “By offering support to our heroes and their families, we can assist them through difficult financial times.”

Johnson’s proposal allows school boards to waive fees for students with a parent who is a veteran or an active member of the military with an income at or below 200% of the federal poverty level, which is an estimated $55,500 for an average family of four.

Senator Fine supports alternative solutions to student debt across Illinois

Details: Wednesday, February 16, 2022 05:40 PM

Senator Fine 2 2022 edit

SPRINGFIELD – Student loan debt is the 2nd highest consumer debt category, just behind mortgages. To help address this issue, today, State Senator Laura Fine (D-Glenview)’s Senate Bill 3032 passed the Senate unanimously. Part of this legislation prohibits universities from withholding official transcripts from potential employers as a means of debt collection.

“It is discouraging for students who have made immense sacrifices to earn their degrees to be denied access to their transcripts until their debt is paid off,” Senator Fine said. “Having access to their transcripts is essential for students to seek the jobs necessary to pay off their debts, as well as finding a fulfilling career.”

Under Senator Fine’s legislation, universities would be prohibited from withholding transcripts as a means of debt collection. The bill also requires colleges to institute a hardship policy to ensure students that have to withdraw due to significant financial or physical hardship leave school with as little debt as possible. Additionally, the legislation would prevent student debt that gets sent to a collection’s agency from being used against a student’s credit score.

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