Illinois HB1430 amends the Student Investment Account Act to allow the State Treasurer to originate, guarantee, acquire, and service refinance loans.
Illinois HB1430 amends the Student Investment Account Act to expand the State Treasurer's role in managing student loans. The bill allows the State Treasurer to originate, guarantee, acquire, and service refinance loans, and to invest in institutions that provide refinance loans. It also permits the State Treasurer to enter into contracts with financial institutions that provide refinance loans and to deposit funds with these institutions.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.