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Bankruptcy : Illinois Student Loan Guarantor May Help Bankrupt Former Students

Blogger : Total Bankruptcy
All posts : All posts by Total Bankruptcy
Category : Bankruptcy
Blogged date : 2007 May 27

One of the nation’s largest student loan guarantors, the Illinois Student Assistance Commission is considering forgiving interest and fees for borrowers who declare bankruptcy. Currently, borrowers who run into trouble paying their loans can see their balances double or triple with compound interest, late fees, and collection costs.

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