# Illinois HB4754: PRIVATE EDUCATION LOANS-REPORT

Illinois HB4754, PRIVATE EDUCATION LOANS-REPORT, is a 104th General Assembly (2025–2026) House bill sponsored by no sponsor on record; status signed, last action 2026-06-26 (Public Act . . . . . . . . . 104-0504) (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/IL-HB4754-2025-2026
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Illinois HB4754
- State: Illinois
- Session: 104th General Assembly (2025–2026)
- Title: PRIVATE EDUCATION LOANS-REPORT
- Status: signed
- Chamber: House
- Introduced: 2026-02-02
- Last action: 2026-06-26, Public Act . . . . . . . . . 104-0504
- Sponsors: no sponsor on record
- Cosponsors: 5
- Subjects: financial institutions and licensing, assignments
- Touches household money: no
- Roll calls: 3 (166 yes, 0 no in all)
- Economic provisions PRIA read: 0

## Summary

Amends the Know Before You Owe Private Education Loan Act. Provides that the annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman shall include the total number and dollar amount (instead of the volume) of private education loans made annually by a private educational lender, the total number and dollar amount (instead of the volume) of private education loans made annually at institutions of higher education, the total number and dollar amount of private education loans made annually with a cosigner, and the default rate for the private education loans reported by the private educational lender pursuant to specified provisions for the previous reporting period. Effective immediately.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Cosponsor: Carol Ammons (Democratic), House
- Cosponsor: Jawaharial Williams (Democratic), House
- Cosponsor: Katie Stuart (Democratic), House
- Cosponsor: Margaret Croke (Democratic), House
- Cosponsor: Michael W. Halpin (Democratic), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-05-14 | Senate | Third Reading - Passed; | pass | 58 | 0 |   |
| 2026-04-09 | House | Third Reading - Short Debate - Passed | pass | 97 | 0 |   |
| 2026-02-24 | House | Do Pass / Short Debate Financial Institutions and Licensing Committee; | pass | 11 | 0 |   |

## Actions (27)

- 2026-06-26: Public Act . . . . . . . . . 104-0504 (House)
- 2026-06-26: Effective Date June 26, 2026 (House)
- 2026-06-26: Governor Approved (House)
- 2026-06-12: Sent to the Governor (House)
- 2026-05-14: Passed Both Houses (House)
- 2026-05-14: Third Reading - Passed; 058-000-000 (Senate)
- 2026-04-30: Placed on Calendar Order of 3rd Reading May 5, 2026 (Senate)
- 2026-04-30: Second Reading (Senate)
- 2026-04-22: Placed on Calendar Order of 2nd Reading April 28, 2026 (Senate)
- 2026-04-22: Approved for Consideration Assignments (Senate)
- 2026-04-10: Referred to Assignments (Senate)
- 2026-04-10: First Reading (Senate)
- 2026-04-10: Chief Senate Sponsor Sen. Michael W. Halpin (Senate)
- 2026-04-10: Placed on Calendar Order of First Reading (Senate)
- 2026-04-10: Arrive in Senate (Senate)
- 2026-04-09: Added Chief Co-Sponsor Rep. Carol Ammons (House)
- 2026-04-09: Third Reading - Short Debate - Passed 097-000-000 (House)
- 2026-04-08: Placed on Calendar Order of 3rd Reading - Short Debate (House)
- 2026-04-08: Second Reading - Short Debate (House)
- 2026-03-06: Added Chief Co-Sponsor Rep. Jawaharial Williams (House)
- 2026-02-25: Placed on Calendar 2nd Reading - Short Debate (House)
- 2026-02-24: Do Pass / Short Debate Financial Institutions and Licensing Committee; 011-000-000 (House)
- 2026-02-19: Added Chief Co-Sponsor Rep. Katie Stuart (House)
- 2026-02-17: Assigned to Financial Institutions and Licensing Committee (House)
- 2026-02-06: Referred to Rules Committee (House)
- 2026-02-06: First Reading (House)
- 2026-02-02: Filed with the Clerk by Rep. Margaret Croke (House)

## Bill text

- Engrossed: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4754eng.pdf)
- Enrolled: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4754enr.pdf)
- Introduced: [PDF](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4754.pdf)

## Related bills

- HB5198: AFFORDABLE HOUSING-CILAS (passed house)
- SB1937: PENSION CODE-VARIOUS (passed senate)
- HB2563: CONDO-RESERVE STUDY (in committee)
- HB4701: LIMITATIONS FACILITY FEES ACT (in committee)
- SB3008: DHS-ABLE PROGRAM INFO MATERIAL (passed senate)
- SB3484: VEH CD-PLATES-REGISTRATION (signed)

## Sources
- [Engrossed (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4754eng.pdf)
- [Enrolled (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4754enr.pdf)
- [Introduced (PDF)](https://www.ilga.gov/documents/legislation/104/HB/PDF/10400HB4754.pdf)

## Related
- [HB5198: AFFORDABLE HOUSING-CILAS](https://policyrisk.com/state-bill/IL-HB5198-2025-2026)
- [SB1937: PENSION CODE-VARIOUS](https://policyrisk.com/state-bill/IL-SB1937-2025-2026)
- [HB2563: CONDO-RESERVE STUDY](https://policyrisk.com/state-bill/IL-HB2563-2025-2026)
- [HB4701: LIMITATIONS FACILITY FEES ACT](https://policyrisk.com/state-bill/IL-HB4701-2025-2026)
- [SB3008: DHS-ABLE PROGRAM INFO MATERIAL](https://policyrisk.com/state-bill/IL-SB3008-2025-2026)
- [SB3484: VEH CD-PLATES-REGISTRATION](https://policyrisk.com/state-bill/IL-SB3484-2025-2026)
- [Illinois bills](https://policyrisk.com/states/illinois/bills)
- [Illinois state hub](https://policyrisk.com/states/illinois)
- [All state legislation](https://policyrisk.com/state-bills)

Source: PRIA, https://policyrisk.com/state-bill/IL-HB4754-2025-2026 (as of 2026-11-01).