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Pritzker announces new loan relief options for private student loan holders

On Tuesday afternoon, Governor JB Pritzker announced that the Illinois Department of Financial and Professional Regulation will provide loan relief options to residents who may be struggling with their private student loan payments.

While the CARES Act has already provided relief for Illinoisans with federal student loans by postponing the collection of monthly payments until September, Pritzker said his administration is committed to pursuing any and all economic relief options available including private student loan relief.

Mitigating the economic impacts of the pandemic is the “second front” of the state’s COVID-19 response plan, he said.

At the direction of the governor, the IDFPR will begin allowing borrowers to request a 90-day forbearance on private student loan payments in addition to offering a number of other loan relief options, Pritzker said.

The state will also be providing $112 million in additional food assistance funds through the Supplemental Nutrition Assistance Program (SNAP) to support Illinois families during the pandemic, he said.

“No child should ever have to worry about where their next meal is going to come from,” Pritzker said.

Households with students who qualify for the Free and Reduced Lunch program will be provided with a simplified SNAP application to ensure they are able to access that additional support, he added.

On Tuesday, 119 new COVID-19-related fatalities were reported, bringing the statewide total to 1,468 deaths, Director of the Illinois Department of Public Health Dr. Ngozi Ezike said.

Ezike also reported 1,551 new cases of the coronavirus, bringing the state’s total case count to 33,059 confirmed cases.

Earlier in the afternoon on Tuesday, Pritzker said new models indicate that Illinois will reach its peak of coronavirus cases in mid-May. This announcement came in an interview that he did with the Washington Post which was broadcasted live on their Facebook page.

The deaths the IDPH announced include:

– Boone County: 1 male 20s, 1 female 60s, 1 female 70s

– Carroll County: 1 female 80s

– Cook County: 1 female 30s, 1 female 40s, 2 males 40s, 2 females 50s, 9 males 50s, 4 females 60s, 10 males 60s, 1 unknown 60s, 9 females 70s, 14 males 70s, 5 females 80s, 17 males 80s, 8 females 90s, 5 males 90s

– DuPage County: 1 female 40s, 1 male 60s, 1 female 70s, 1 male 70s, 1 female 80s, 3 males 90s

– Jackson County: 1 male 80s

– Kankakee County: 1 female 90s

– Lake County: 1 female 60s, 1 male 70s, 1 male 80s, 1 female 90s, 1 male 90s

– Madison County: 1male 70s, 1 male 80s

– McHenry County: 1 male 70s, 2 females 90s, 1 male 90s

– Rock Island County: 1 female 70s

– Will County: 1 female 50s, 1 male 80s, 1 female 90s

– Winnebago County: 1 male 60s

– Woodford County: 1 female 70s

Source: The Daily Chronicle

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