HIGHER ED-COSIGNER LOANS Senate SponsorsSen. Laura Fine 1/7/2025SenateSession Sine Die 110 ILCS 983/5110 ILCS 983/15110 ILCS 983/25 new110 ILCS 983/30 new110 ILCS 983/35 new110 ILCS 983/40 new110 ILCS 983/45 new110 ILCS 983/50 newAmends the Know Before You Owe Private Education Loan Act. Provides that the information regarding loans shall be provided to borrowers and cosigners (instead of just borrowers). Sets forth provisions for cosigner disclosure and notice, cosigner release, cosigner rights, what happens in the event of the bankruptcy or death of a cosigner, the total and permanent disability of a borrower or cosigner, refinancing, and modified or flexible repayment plans. Effective immediately. 1/20/2023SenateFiled with Secretary by Sen. Laura Fine 1/20/2023SenateFirst Reading 1/20/2023SenateReferred to Assignments 1/7/2025SenateSession Sine Die