Sunday, November 8, 2009 East Central Illinois

Agency finishes sale of student loans

By Kate Clements
Tuesday, July 31, 2007 10:07 AM CDT

SPRINGFIELD – The Illinois Student Assistance Commission sold $1.38 billion worth of student loans on Monday to help fund grants for low-income college students.

"Today's sale transaction enables (the commission) to send 17,500 students to college, move debt off the books, unload a revenue-losing portfolio and return our focus to Illinois students," said a statement from Executive Director Andrew Davis.

News-Gazette Archive

The full story is available in our paid story archive.

View the story»  |  About the archive

Weather

  • Today
     High: 71°
  • Tonight
     Low: 51°

Fair
Advertisement

Also on this date

» More