Educational Loan Default Act

Sections covered

• 5 ILCS 385/0.01Short title
• 5 ILCS 385/1Definitions
• 5 ILCS 385/2(a) Any employee of a State agency who is in default on the repayment of any educational loan for a period of 6 months or more and in an amount of $600 or more shall, as a condition of employment, make a satisfactory loan repayment arrangement with the maker or guarantor of the loan
• 5 ILCS 385/3No State agency shall contract with an individual for goods or services if that individual is in default, as defined in Section 2 of this Act, on an educational loan