AG Applauds Student Loan Borrowing Protections

Illinois Attorney General Kwame Raoul applauded the Illinois House of Representatives and the Illinois Senate for bipartisan passage of his legislation designed to protect student loan borrowers from student loan debt relief companies (SLDRs) that often prey on borrowers by charging high fees for services they cannot provide, such as loan forgiveness and cancellation.

House Bill 3136, sponsored by Rep. Mike Zalewski, and Senate Bill 669, sponsored by Sen. Omar Aquino, both codify existing law to streamline the regulation and prosecution of student loan debt relief scams to better protect students from unfair, deceptive and predatory practices. The legislation will allow the Attorney General’s office and the Illinois Department of Financial and Professional Regulation (IDFPR) to address student loan debt relief scams on a systemic, rather than case by case, basis. HB 3136 was passed unanimously by the House, and SB 669 was passed unanimously by the Senate.  

Student borrowers who have questions or are in need of assistance can call the Attorney General’s Student Loan Helpline at 1-800-455-2456.