Repeals Educational Loan Default Act

LegiScan Illinois

Published January 29th, 2026

Detected March 31st, 2026

Summary

Illinois House Bill 4687, introduced in the 104th General Assembly, would repeal the Educational Loan Default Act in its entirety upon enactment. The bill was introduced by Rep. LaShawn Ford and co-sponsored by Rep. Carol Ammons, both Democrats. The bill has passed the Higher Education Committee with a 10-0 vote and awaits second reading.

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What changed

Illinois HB4687 was introduced on January 29, 2026, proposing to repeal the Educational Loan Default Act with immediate effect upon enactment. The bill, sponsored by Representatives LaShawn Ford and Carol Ammons, cleared the Higher Education Committee on March 25, 2026 (010-000-000) and was placed on Calendar for second reading on March 26, 2026. The latest action on March 30, 2026 added Rep. Carol Ammons as Chief Co-Sponsor. The bill targets 5 ILCS 385/Act for repeal.

If enacted, the repeal would eliminate current statutory obligations on educational institutions related to student loan default rates, required disclosures, and potential enrollment limitations tied to default thresholds. Institutions currently subject to Educational Loan Default Act requirements should monitor the bill's progress through the Illinois General Assembly and track its path to the Governor's desk. No specific compliance deadline or penalty provisions are specified in the current draft.

What to do next

Monitor HB4687's progress through the Illinois General Assembly
Assess institutional obligations under current Educational Loan Default Act (5 ILCS 385) that may be eliminated upon passage
Review student loan disclosure and reporting procedures that may be affected by the act's repeal

Source document (simplified)

IL HB4687 | 2025-2026 | 104th General Assembly

Illinois House Bill 4687

IL State Legislature page for HB4687
- Summary
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Status

Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on January 29 2026 - 25% progression
Action: 2026-03-30 - Added Chief Co-Sponsor Rep. Carol Ammons
Text: Latest bill text (Introduced) [HTML]

Summary

Repeals the Educational Loan Default Act. Effective immediately.
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Title

REPEAL-LOAN DEFAULT ACT

History

| Date | Chamber | Action |
| --- | --- | --- |
| 2026-03-30 | House | Added Chief Co-Sponsor Rep. Carol Ammons |
| 2026-03-26 | House | Placed on Calendar 2nd Reading - Short Debate |
| 2026-03-25 | House | Do Pass / Short Debate Higher Education Committee; 010-000-000 |
| 2026-03-18 | House | Assigned to Higher Education Committee |
| 2026-02-06 | House | Referred to Rules Committee |
| 2026-02-06 | House | First Reading |
| 2026-01-29 | House | Filed with the Clerk by Rep. La Shawn K. Ford |

Code Citations

| Chapter | Article | Section | Citation Type | Statute Text |
| --- | --- | --- | --- | --- |
| 5 | 385 | Act | Repealed Code | Citation Text |

Illinois State Sources

| Type | Source |
| --- | --- |
| Summary | https://www.ilga.gov/Legislation/BillStatus?DocNum=4687&GAID=18&DocTypeID=HB&SessionID=114&GA=104 |
| Text | https://www.ilga.gov/Legislation/BillStatus/FullText?LegDocId=207019&DocName=10400HB4687&DocNum=4687&DocTypeID=HB&LegID=165672&GAID=18&SessionID=114&SpecSess=&Session= |

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