Chapter 110 — HIGHER EDUCATION

(110 ILCS 992/5-65) Sec. 5-65. Requests for assistance; account dispute resolution; appeals. (a) A servicer shall implement reasonable policies and procedures for accepting, processing, investigating, and responding to requests for assistance in a timely and effective manner, inc…

(110 ILCS 992/5-70) Sec. 5-70. Cosigner release rights. (a) A servicer may not impose any restriction that permanently bars a borrower from qualifying for cosigner release, including restricting the number of times a borrower may apply for cosigner release. (b) A servicer may not…

(110 ILCS 992/5-75) Sec. 5-75. Cosigner and borrower rights. (a) A servicer shall provide a cosigner with access to all documents or records related to the cosigned private education loan that are available to the borrower. (b) If a servicer provides electronic access to document…

(110 ILCS 992/5-80) Sec. 5-80. Bankruptcy or death of cosigner. (a) If a cosigner dies, the servicer may not attempt to collect against the cosigner's estate other than for payment default. (b) With regard to the death or bankruptcy of a cosigner, if a private education loan is n…

(110 ILCS 992/5-85) Sec. 5-85. Total and permanent disability of borrower or cosigner. (a) For any private education loan issued on or after the effective date of this amendatory Act of the 103rd General Assembly, a servicer, when notified of the total and permanent disability of…

(110 ILCS 992/7-1) Sec. 7-1. Purpose and construction. This Article shall be construed as a consumer-protection law for all purposes and shall be liberally construed to effectuate its purpose. (Source: P.A. 104-383, eff. 8-15-25.)

(110 ILCS 992/7-10) Sec. 7-10. Monthly payment affordability. (a) Each EISA shall specify the EISA payment calculation method applicable to the EISA. An EISA shall not require payments from the consumer toward that EISA that exceed 8% of the consumer's income. An EISA provider sh…

(110 ILCS 992/7-100) Sec. 7-100. Construction against implicit authority. This Act is a general Act intended as a unified coverage of its subject matter. No part of this Act shall be construed to be impliedly repealed by subsequent law if that construction can reasonably be avoid…

(110 ILCS 992/7-105) Sec. 7-105. Application of other Acts. EISAs and EISA providers are subject to other Articles of this Act, the Know Before You Owe Private Education Loan Act, and the Predatory Loan Prevention Act and shall comply with their requirements and any rules adopted…

(110 ILCS 992/7-110) Sec. 7-110. Rulemaking. Notwithstanding any other provision of this Act, the Secretary may adopt rules for the regulation of any EISA provider that does not engage in the servicing of student loans, including, but not limited to, EISAs. The Secretary's author…

(110 ILCS 992/7-15) Sec. 7-15. Maximum effective annual percentage rate. An EISA must specify that the maximum amount that a consumer could be required to pay under the EISA will not result in a consumer ever being required to pay an effective annual percentage rate that is great…

(110 ILCS 992/7-20) Sec. 7-20. Limits on duration of EISAs. (a) The EISA maximum number of payments shall not exceed 180 monthly payments. (b) The EISA duration shall not exceed 240 months, excluding any months in which a consumer has requested and received a payment relief pause…

(110 ILCS 992/7-25) Sec. 7-25. Risk sharing. (a) An EISA provider may not contract for EISA terms that would result in a consumer having income that is less than or equal to 450% of the federal poverty guidelines for a single person for the EISA duration being required to make a …

(110 ILCS 992/7-3) Sec. 7-3. Applicability. This Article applies only to educational income share agreements. (Source: P.A. 104-383, eff. 8-15-25.)

(110 ILCS 992/7-30) Sec. 7-30. Limits on covered income. An EISA must specify the definition of income to be used for the purposes of calculating a consumer's payment obligation under the EISA. No EISA shall include any of the following in its definition of income: (1) the income…

(110 ILCS 992/7-35) Sec. 7-35. Fees permitted. (a) In addition to the EISA obligation permitted by this Act, an EISA provider may contract for and receive the following additional charges: (1) government fees and taxes; (2) a fee, which shall not exceed the sum of $25, for a fail…

(110 ILCS 992/7-40) Sec. 7-40. Restriction on security interest. Under no circumstances shall an EISA provider take a security interest in any collateral in connection with an EISA. (Source: P.A. 104-383, eff. 8-15-25.)

(110 ILCS 992/7-41) Sec. 7-41. Refinancing. Before offering a person an EISA that is being used to refinance an existing loan, an EISA provider shall provide the person with a disclosure explaining that the benefits and protections applicable to the existing loan may be lost due …

(110 ILCS 992/7-45) Sec. 7-45. Discharge of obligations. (a) All obligations under an EISA shall terminate if the consumer is deemed totally and permanently disabled by the applicable governmental agency. (b) All obligations under an EISA shall terminate upon the death of the con…

(110 ILCS 992/7-5) Sec. 7-5. Definitions. As used in this Article: "Amount financed" means the amounts advanced by the EISA provider to the consumer or on behalf of the consumer, or if the EISA provider is a merchant financing the sale of goods or services to the consumer using a…

(110 ILCS 992/7-50) Sec. 7-50. Prohibition on cosigners. No EISA shall include or permit the use of a cosigner in connection with any obligation related to an EISA. (Source: P.A. 104-383, eff. 8-15-25.)

(110 ILCS 992/7-55) Sec. 7-55. Limitation on acceleration. (a) EISA providers shall not attempt to accelerate or otherwise liquidate a future payment stream under an EISA. (b) Notwithstanding subsection (a), nothing in this Section shall prevent an EISA provider from collecting o…

(110 ILCS 992/7-60) Sec. 7-60. No assignment of wages. (a) An EISA provider may not take an assignment of earnings or wages of the consumer for payment or as security for payment of a debt arising out of an EISA. An assignment of earnings in violation of this Section is unenforce…

(110 ILCS 992/7-65) Sec. 7-65. Limitations on garnishment. Before entry of judgment in an action against a consumer for a payment arising from an EISA, a licensee may not attach unpaid earnings of the consumer by garnishment or like proceedings. (Source: P.A. 104-383, eff. 8-15-2…

(110 ILCS 992/7-70) Sec. 7-70. Use of multiple agreements. An EISA provider shall not use multiple agreements with respect to a single EISA with intent to violate any limitations of this Act. (Source: P.A. 104-383, eff. 8-15-25.)

(110 ILCS 992/7-75) Sec. 7-75. Required disclosures. (a) An EISA provider shall disclose the following information to each consumer, clearly and conspicuously, in a form that the consumer can keep at the time the transaction is consummated: (1) the date of the EISA; (2) the dolla…

(110 ILCS 992/7-80) Sec. 7-80. Early completion. An EISA shall specify the terms and conditions by which the consumer may extinguish the consumer's obligations under the EISA before the end of the EISA's duration. An EISA must not include a prepayment penalty that violates the pr…

(110 ILCS 992/7-85) Sec. 7-85. Assumption of increase in future income. (a) If a consumer fails to provide income documentation as reasonably required by an EISA, an EISA provider may assign an amount of income to the consumer and compute the consumer's monthly payment amount by …

(110 ILCS 992/7-90) Sec. 7-90. Receipts; statements of account; evidence of payment. (a) The EISA provider shall deliver or mail to the consumer, without request, a written receipt for each payment made pursuant to an EISA. A periodic statement showing a payment received by mail …

(110 ILCS 992/7-95) Sec. 7-95. Adjustment of dollar amounts. (a) From time to time, the dollar amounts in this Act designated as subject to change shall change, as provided in this Section, according to and to the extent of changes in the index. (b) The index for December of the …

(110 ILCS 992/99-1) Sec. 99-1. Severability. The provisions of this Act are severable under Section 1.31 of the Statute on Statutes. (Source: P.A. 100-540, eff. 12-31-18.)

(110 ILCS 992/99-99) Sec. 99-99. Effective date. This Act takes effect December 31, 2018. (Source: P.A. 100-540, eff. 12-31-18.)

(110 ILCS 995/1) Sec. 1. Short title. This Act may be cited as the Veterinary Student Loan Repayment Program Act. (Source: P.A. 96-142, eff. 8-7-09.)

(110 ILCS 995/15) Sec. 15. Definitions. In this Act: "College" means the College of Veterinary Medicine of the University of Illinois. "Program" means the Veterinary Student Loan Repayment Program established under this Act. "University" means the University of Illinois. (Source:…

(110 ILCS 995/20) Sec. 20. Veterinary Student Loan Repayment Program. (a) There is hereby created a veterinary training program for large animal and public health veterinary medicine, which shall be known as the Veterinary Student Loan Repayment Program and administered through t…

(110 ILCS 995/25) Sec. 25. Program agreement. (a) Prior to receiving a loan under the Program, each loan recipient must sign an agreement pledging that he or she shall: (1) complete the veterinary medicine degree program at the College; (2) complete all advanced training in publi…

(110 ILCS 995/30) Sec. 30. Failure to satisfy program agreement. Upon the failure of a loan recipient to satisfy the obligations set forth in the program agreement, he or she must repay to the University the amount equal to the amount loaned to the recipient less a prorated amoun…

(110 ILCS 995/35) Sec. 35. Collected payments. Payments received by the University in accordance with this Act shall be deposited with the University for the purpose of supporting the Program, which shall include providing funding for additional loans as provided for under this A…

(110 ILCS 995/40) Sec. 40. Expiration of Program. The University may not enter into any program agreement under the Program or the provisions of this Act after July 1, 2019. All program agreements entered into prior to July 1, 2019 shall continue in full force and effect, subject…

(110 ILCS 995/99) Sec. 99. Effective date. This Act takes effect upon becoming law. (Source: P.A. 96-142, eff. 8-7-09.)

(110 ILCS 996/1) Sec. 1. Short title. This Act may be cited as the Community Behavioral Health Care Professional Loan Repayment Program Act. (Source: P.A. 100-862, eff. 1-1-19.)

(110 ILCS 996/10) Sec. 10. Definitions. In this Act: "Commission" means the Illinois Student Assistance Commission. "Physician" means a person licensed by this State to practice medicine in all its branches and includes any person holding a temporary license, as provided in the M…

(110 ILCS 996/15) Sec. 15. Establishment of Program. Beginning on July 1, 2019, there is created the Community Behavioral Health Care Professional Loan Repayment Program, which shall be administered by the Illinois Student Assistance Commission. The Program shall provide loan rep…

(110 ILCS 996/20) Sec. 20. Applications. Each year, the Commission shall receive and consider applications for loan repayment assistance under this Act. All applications must be submitted to the Commission in a form and manner prescribed by the Commission. Applicants must submit …

(110 ILCS 996/25) Sec. 25. Award; maximum loan time; maximum amount. Subject to appropriation, the Commission shall award a grant to each qualified applicant for a maximum of 4 years. The Commission must encourage the recipient of a grant awarded under this Act to use the grant a…

(110 ILCS 996/30) Sec. 30. Eligibility; work requirement. (a) To be eligible for assistance under the Community Behavioral Health Care Professional Loan Repayment Program, the Commission must find that the applicant satisfies all of the following: (1) He or she is a United States…

(110 ILCS 996/35) Sec. 35. Administration; rules. The Commission shall administer the Program and shall adopt rules not inconsistent with this Act for the Program's effective implementation. (Source: P.A. 100-862, eff. 1-1-19.)

(110 ILCS 996/5) Sec. 5. Purpose. The purpose of the Community Behavioral Health Care Professional Loan Repayment Program is to recruit and retain qualified mental health and substance use professionals to practice in underserved or rural areas and to address this State's communi…

(110 ILCS 997/1) Sec. 1. Short title. This Act may be cited as the Human Services Professional Loan Repayment Program Act. (Source: P.A. 102-1089, eff. 1-1-23.)

(110 ILCS 997/10) Sec. 10. Definitions. In this Act: "Commission" means the Illinois Student Assistance Commission. "Professional" means an individual employed by a human services agency that contracts with, receives funding from, or is grant-funded by a State agency for the purp…