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Illinois Students Soothed on Loan Worries

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Illinois college students shouldn’t have trouble getting loans this year.

The Illinois Student Assistance Commission had warned of potential troubles this term, as several private lenders backed out of the student loan business earlier this year.

John Sinsheimer is Chief Financial Officer of the Illinois Student Assistance Commission.

SINSHEIMER: We’re confident we’ve arranged sufficient funding and liquidity for what we believe our client base will need here in Illinois.

State run lenders in some parts of the country say they can’t give out loans this year because of credit woes.

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