CHAMPAIGN — With the coronavirus outbreak hitting workers and the economy across the state and country, State Senator Scott Bennett highlighted relief options to help people struggling to pay their student loans that could benefit nearly 140,000 Illinoisans.

“Folks struggling financially during this pandemic should not have to choose between paying their student loan payment and putting food on the table,” said Bennett, a member of the Senate Higher Education Committee. “Borrowers in need of assistance should contact their student loan provider immediately to identify the options that are appropriate to their circumstances.”

Under the initiative, spearheaded by Governor JB Pritzker and Secretary Deborah Hagan of the Illinois Department of Financial and Professional Regulation, people with commercially-owned Federal Family Education Program Loans or privately held student loans who are having a hard time making their payments due to COVID-19 will be eligible for expanded relief.

Borrowers who need assistance are asked to immediately contact their student loan provider to set up a plan.

Relief options are based on a person’s individual needs and include:

• Providing a minimum of 90 days of forbearance,
• Waiving late payment fees,
• Ensuring that no borrower is subject to negative credit reporting,
• Ceasing debt collection lawsuits for 90 days,
• Working with borrower to enroll them in other borrower assistance programs, such as income-based repayment.

If a person is having problems contacting their student loan servicer, they can contact the Illinois Department of Financial and Professional Regulation Division of Banking at 217-785-2900 or the attorney general’s student loan helpline at 1-800-455-2456.

ELGIN – The week of April 20 to April 24, 2020, has been designated National Work Zone Awareness Week by the U.S. Department of Transportation. State Senator Cristina Castro, who has championed several pieces of legislation aimed at safer driving, stressed the importance of safety in road construction areas, particularly in a time of a pandemic.

“A lot fewer people are out on the roads during the Stay at Home Order, which can lead to an increase in dangerous driving habits,” Castro said. “Less traffic might cause people to not slow down while passing through work zones, which is dangerous to the workers and to other drivers.”

The National Work Zone Awareness week is being jointly promoted by the Illinois Department of Transportation, the Illinois State Police and the Illinois Tollway. They have released several guidelines for safe driving through work zones, including:

• Not using electronic devices while driving, because not only is this dangerous, it is also illegal;
• Obeying the road signs that will help you safely navigate work zones;
• Adhering to the posted speed limits, which are for the safety of both workers and drivers;
• Provide extra distance for heavy machinery and trucks; and
• Be prepared for lane shifts and closures and slow and stopped traffic at all times;

“In this time of crisis, public safety is still a top priority, and that still includes safety in work zones,” Castro said.

DES PLAINES – In an effort to provide support to Illinoisans facing unprecedented economic challenges due to the COVID-19 pandemic, State Senator Laura Murphy (D-Des Plaines) highlighted relief options that could help nearly 140,000 Illinoisans pay their student loans.

“Widespread unemployment means that many Illinoisans are struggling to keep up with bills, including student loan payments,” Murphy said. “If you’re facing financial hardship during this time, don’t wait—contact your loan provider now to discuss your options.”

Under this new initiative, spearheaded by Gov. JB Pritzker and Secretary Deborah Hagan of the Illinois Department of Financial and Professional Regulation, people with commercially owned Federal Family Education Program Loans or privately held student loans who are having a hard time making their payments due to COVID-19 will be eligible for expanded relief.

Borrowers who need assistance are asked to contact their student loan provider immediately to set up a plan.

Relief options are based on a person’s individual needs and include:

• Providing a minimum of 90 days of forbearance;
• Waiving late payment fees;
• Ensuring that no borrower is subject to negative credit reporting;
• Ceasing debt collection lawsuits for 90 days; and
• Working with borrower to enroll them in other borrower assistance programs, such as income-based repayment.

Those having problems contacting their student loan servicer can contact the Illinois Department of Financial and Professional Regulation Division of Banking at 217-785-2900 or the attorney general’s student loan helpline at 1-800-455-2456.

CHICAGO — In an effort to help people struggling to pay their student loans during the unprecedented economic challenges facing the state and country, State Senator Emil Jones, III highlighted relief options that could benefit nearly 140,000 Illinoisans. 

“Paying student loan debt is not an essential matter when borrowers are experiencing pay cuts,” Jones (D-Chicago) said. “This is an obstacle borrowers do not need during this tough time. I recommend they contact their loan provider and see if their payments can be waved through the duration of this crisis.”

Under the initiative, spearheaded by Gov. JB Pritzker and Secretary Deborah Hagan of the Illinois Department of Financial and Professional Regulation, people with commercially-owned Federal Family Education Program Loans or privately held student loans who are having a hard time making their payments due to COVID-19 will be eligible for expanded relief.

Borrowers who need assistance are asked to immediately contact their student loan provider to set up a plan. 

Relief options are based on a person’s individual needs and include:

• Providing a minimum of 90 days of forbearance,
• Waiving late payment fees,
• Ensuring that no borrower is subject to negative credit reporting,
• Ceasing debt collection lawsuits for 90 days, and
• Working with borrower to enroll them in other borrower assistance programs, such as income-based repayment.

If a person is having problems contacting their student loan servicer, they can contact the Illinois Department of Financial and Professional Regulation Division of Banking at 217-785-2900 or the attorney general’s student loan helpline at 1-800-455-2456.