Illinois Department of Financial Professional Regulation Releases Info on Student Loans

Lawndale News Chicago's Bilingual Newspaper - Education

Lawndale News Chicago's Bilingual Newspaper - Education

The Illinois Department of Financial and Professional Regulation wants to ensure that Illinois consumers are aware of COVID-19 relief options that are available to them.  The IDFPR released an educational one pager for consumers to quickly and easily learn about their federal relief options when it comes to evictions, mortgages, and student loans. “At this unprecedented time of financial hardship, it is essential that consumers know and understand their options. Through our agency’s outreach, we hope to ensure that every Illinois resident takes advantage of the relief they qualify for,” said IDFPR Secretary Deborah Hagan. Federal deadlines are fast approaching.  It is imperative that consumers take action quickly. To find additional information, visit www.idfpr.com. Student Loan Relief has been extended until 1/31/21.  This includes interest being waived on all loans, collections on defaulted loans is halted, and loan payments are suspended.

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