HB4687

REPEAL-LOAN DEFAULT ACT

Final Passage·5/21/26

Illinois HB4687 repeals the Educational Loan Default Act.

Illinois HB4687 repeals the Educational Loan Default Act, which previously governed the handling of defaulted educational loans. The repeal takes effect immediately upon the bill becoming law.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Last
Passed both chambers · May 21
Current
Awaiting the Governor
Next
Signature or veto

Sponsors

DDDDDD
6
0
Democratic CaucusRepublican Caucus

Calendar

May 6

1:30 PM

Senate State Government Committee Hearing

Mar 25

4:00 PM

House Higher Education Committee Hearing

History

Jun 18

House

Sent to the Governor

Jun 1

Senate

Added as Alternate Co-Sponsor Sen. Mattie Hunter

May 31

Senate

Added as Alternate Co-Sponsor Sen. Mary Edly-Allen