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Loans

Major student loan changes take effect July 1: What to know

  • Jun 30

'Ghost students' can enroll you in school, take loans out in your name

  • Jan 28

Advocates concerned over omission of nursing as professional degree

  • Nov 24, 2025
AP Photo/Jenny Kane, File

US household debt hits new record high: Report

  • Nov 5, 2025

Quick Tip: Buy now, pay later for concerts?

  • Sep 18, 2025

School bus driver battling cancer loses thousands to fake loan scam

  • Jul 1, 2025

Credit scores decline for millions as student loan collections restart

  • Jun 16, 2025

Our Chicago: Student debt, default and efforts to collect

  • May 18, 2025

Latest Videos

0:17

Student loan borrowers can qualify for lower rates if they use autopay

  • Jun 19
2:30

Student loan borrowers scramble to find new payment options

  • Apr 11, 2025
0:40

SCOTUS rebuffs Biden administration plea to restore student debt plan

  • Aug 28, 2024
0:15

Biden administration kicks off student loan debt forgiveness process

  • Sep 29, 2022
1:39

25 indicted for PPP loan fraud in Chicago area

  • Sep 21, 2022
2:23

Chicago bank to overhaul operations after risky loans to Trump's former campaign manager

  • Nov 19, 2021
0:17

Former IL rep, US transportation sec paid $40K fine for allegedly misleading FBI

  • Apr 2, 2021
1:47

New COVID-19 email scam targets small business owners

  • Jan 15, 2021

Latest Stories

AP Photo/Jose Luis Magana, File

5M student loan borrowers face mandatory collections starting May 5 | What you need to know

A defaulted loan is a loan that a borrower hasn't made payments on for 270 days, according to the office of federal student aid. When the loan officially enters default, it becomes eligible for mandatory collections.

  • Apr 22, 2025

Student loan borrowers scramble to find new payment options with SAVE ending, Dept. of Ed layoffs

The ABC7 Chicago I-Team is investigating the uncertainty over student loans and the 8 million SAVE plan burrowers scrambling to find new payment options.

  • Apr 11, 2025

Loan expert breaks down Department of Education's changes on repayment rules for student borrowers

An expert explained what would happen to student loans if the department is eventually dismantled.

  • Mar 12, 2025

Chicago Council narrowly approves Mayor Brandon Johnson's plan for $830M bond for infrastructure

Chicago City Council approved Mayor Brandon Johnson's $830 million bond proposal for critical infrastructure improvements.

  • Feb 26, 2025

Chicago City Council approves 1901 Project around United Center; speed limit change voted down

The City Council faced a packed agenda Wednesday during its regular meeting.

  • Feb 20, 2025