Illinois State Treasurer’s Office News Releases

SPRINGFIELD — Illinois Treasurer Michael Frerichs today announced a partnership with Econ Illinois to help improve financial literacy among Illinois students. The announcement was made during Money Smart Week at the Federal Reserve Bank in Chicago. “We are excited to partner with Econ Illinois to promote Illinois’ new financial education standards and help ensure students learn how to make smart financial choices at a young age,” Frerichs said. “As Illinois faces unprecedented fiscal challenges, it’s even more important than ever that our children are exposed to successful ways to manage…

SPRINGFIELD — Private companies that service college loans will profit at the expense of students because the Trump administration killed commonsense changes to reduce the default rate among college borrowers, Illinois State Treasurer Michael Frerichs said today. “Let’s be clear about what President Trump’s changes mean. These service centers, when speaking with college graduates who want to work out a payment plan, will not have to tell the truth,” Frerichs said. “It will needlessly result in more college defaults for individuals and higher profits for corporations at the expense of…