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Illinois introduces state-backed student loans with competitive rates – WTVO (Rockford)

Summary by WirePoints Illinois Financial News
According to a press release, “The Illinois No Co-Signer Loan is open to Illinois residents attending an Illinois public or private not-for-profit university or college and is an attractive option for students who have maxed their grants, scholarships, and financial aid and have no access to a co-signer. The fixed annual percentage rate ranges from 7.99 percent to 9.49 percent."

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WirePoints Illinois Financial News broke the news in on Sunday, May 4, 2025.
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