Bill Status of SB2559 100th General Assembly
Short Description: EDU LOAN INFO PILOT PROGRAM
Sen. Steve Stadelman
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Board of Higher Education Act. Provides that, beginning with the 2019-2020 academic year, the Board of Higher Education shall develop a 3-year education loan information pilot program for use by each public institution of higher education that enrolls students who are eligible to receive financial aid. Defines "education loan". Provides that the program shall require that each public institution of higher education that receives education loan information for a student enrolled at the institution provide annually to the student or the parent or guardian of the student certain information relating to the education loans. Provides that a public institution of higher education is not liable for any representations made during the pilot program. Repeals the provision on June 1, 2023.