Sale of $1.4 billion of loans almost finished

SPRINGFIELD – The Illinois Student Assistance Commission is preparing to sell off another chunk of the state's student loan portfolio.

The sale of $1.4 billion worth of loans "is on track to close on July 31," said ISAC spokesman Claude Walker. It will include 369,000 loans to about 192,000 borrowers, 90 percent of whom are out-of-state students from out-of-state schools, he said.

Also on this date

• Governor signs smoking ban
• Sheriff puts ban on bringing liquids into courthouse
• Local residents urged to check their cupboards
• Stronger draft gets tentative OK
• Rantoul man faces cocaine charge
• Woman gets 6 years in prison
• Highlights of rate relief package
• Leaders tout $1 billion in rate relief
• Top UI administrator wrapping up career
• Obituaries

» More