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Illinois creates loan program for middle income private college students
Springfield AP report describes a new state loan authority to aid middle income students at private Illinois colleges. A seven member board will issue up to 200 million dollars in tax exempt bonds to fund low interest loans, with loans limited to college costs after grants. The board, appointed by Gov. Thompson, includes executives from Sankaty Corporation DePaul University and other public and private education and financial groups.
MENTIONED IN THIS ARTICLE
Springfield
Illinois
Illinois Independent Higher Education Loan Au
Thority
James R. Thompson
Lee Preston
Chicago
Thompson
Preston
Fields
State Department of Law Enforcement Security
Authority
Senate
Sankaty Corporation
Paul R. Judy
Northfield
Ralph H. Beaudoin
Arlington Heights
DePaul University
Illinois Colleges Board of Trustees
James C. Coultas
Jacksonville
Bradley University
Kalman Goldberg
Peoria
Ilinois State Scholarship Commission
George R. Stevens
Lake Forest
Champaign
David P. Eisenman
University of Illinois
Louise Q. Lawson
Illinois Service Federal Savings and Loan Association