Illinois General Assembly - Bill Status for HB3207
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 Bill Status of HB3207  102nd General Assembly


Short Description:  HIGHER ED STUDENT LOAN DEBT

House Sponsors
Rep. Nicholas K. Smith and Janet Yang Rohr

Last Action
DateChamber Action
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

Statutes Amended In Order of Appearance
110 ILCS 205/9.40 new


Synopsis As Introduced
Amends the Board of Higher Education Act. Provides that, in order to prevent nonpublic, for-profit institutions of higher education from enrolling students in programs or degrees for careers in which a student's higher education loan debt will exceed the student's expected income, the Board shall adopt any rules that are necessary to prohibit nonpublic, for-profit institutions of higher education from continuing any program or degree if the estimated annual higher education loan repayment of a typical graduate from such a program or with such a degree exceeds 20% of the graduate's total annual income or 8% of the graduate's total monthly income.

Actions 
DateChamber Action
  2/19/2021HouseFiled with the Clerk by Rep. Nicholas K. Smith
  2/19/2021HouseFirst Reading
  2/19/2021HouseReferred to Rules Committee
  3/16/2021HouseAssigned to Higher Education Committee
  3/17/2021HouseAdded Co-Sponsor Rep. Janet Yang Rohr
  3/27/2021HouseRule 19(a) / Re-referred to Rules Committee

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