With one proposal to pay off Illinois’ pension debt asking the typical homeowner to pay more than $1,900 in additional property taxes for the next 30 years, the stakes for pension reform have never been clearer.View Report
Under Illinois law, defaulting on student loan debt could jeopardize one’s occupational license. But a Senate bill would protect indebted workers from displacement.
Almost a quarter of Illinois workers need licenses to work in their professions, and workers who default on student loans can face the suspension of those licenses.
Illinois spends more money on retirement costs than on university operations – and tuition keeps rising to prop up this overspending. Instead of hiking taxes to maintain current spending habits in higher education, politicians should shift priorities from propping up six-figure administrators to keeping tuition affordable for students.
More than 1.7 million Illinoisans hold student-loan debt.