Lawmakers are pushing a plan that might help college students get interest free loans for school. Democrat State Representative Jack Franks says students shouldn't have to skip out on getting a degree just because of the rising costs of tuition, coupled with a high debt burden.
His proposal would require the Illinois Student Assistance Commission to do a study, to see how the no interest loan program would work in Illinois. The bill has cleared committee and is headed to the House floor for debate, but there re are still quite a few unanswered questions, like how much money the state would lose if it doesn't collect interest on the loans.
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