Illinoisans behind on their student loans could see their financial situations go from bad to worse due to one controversial policy in Illinois’ licensing regime.
If an Illinois licensed worker falls behind on student loan payments, state officials can suspend that person’s license, making it even harder for him or her to earn a living and get back on his or her feet, according to an article in The New York Times. This can make it nearly impossible for someone in a licensed profession who falls behind on loan payments to earn a living and repay the loan.
Illinois is among 19 states that can refuse to renew or grant professional or occupational licenses to people who default on their student loans, according to the Times.
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