Student Loans

SPRINGFIELD, Ill. (AP) -- Making a good-faith effort to pay off your student loans might pay off in another way.

The Illinois Student Assistance Commission is launching a new program called the College Illinois! Capstone Loan. It will cut the loan balance by two percent for borrowers who make less than 30-thousand-dollars and who make 12 on-time payments in a row.

It's the first time the commission has offered to reduce loan balances.

The loan being offered to students this fall also offers lower interest rates for graduates who stay and work in Illinois or who earn less than 50-thousand-dollars.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:

Read Comments

Comments are posted from viewers like you and do not always reflect the views of this station.
  • by Kathy Location: Rockton on Oct 28, 2007 at 07:22 PM
    I was really disappointed that you were supporting and drawing attention to Petland for the costume contest. People need to be educated on where they get their dogs from, puppy mills. Why support a place like that when there was a costume contest going on a Petco, a place that helps homeless dogs. Petland just contributes to the pet overpopulation problem by keeping the puppy mills in business. Then they charge outrageous prices for them. You can get a very good companion at a rescue for MUCH less and be saving a life.
  • by susan Location: byron on Oct 10, 2007 at 10:34 AM
    medical update i guess it all depends on how much you take but i take it for epilpsy and i cant drink anything with carbonation in it . so all i can drink is water and juice.
23 WIFR 2523 North Meridian Road Rockford, IL. 61101 Business: 815-987-5300 Fax: 815-965-0981 News: 815-987-5330 Fax: 815-987-5333
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 8132377 - wifr.com/a?a=8132377
Gray Television, Inc.