Illinois · Senate Bill 3106 · 104th General Assembly

PRIVATE EDUCATION LOANS-REPORT

SB 3106 Sponsored by Michael W. Halpin In committee

  1. Introduced Jan 29, 2026
  2. In committee Jan 29, 2026
  3. Passed the Senate Next
  4. Passed the House  
  5. To the governor  
  6. Became law  

What it does

The legislature's own summary of the bill, or its official long title.

Amends the Know Before You Owe Private Education Loan Act. Provides that the annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman shall include the total number and dollar amount (instead of the volume) of private education loans made annually by a private educational lender, the total number and dollar amount (instead of the volume) of private education loans made…

Read the full title (113 words)

Amends the Know Before You Owe Private Education Loan Act. Provides that the annual report to the Department of Financial and Professional Regulation and the Student Loan Ombudsman shall include the total number and dollar amount (instead of the volume) of private education loans made annually by a private educational lender, the total number and dollar amount (instead of the volume) of private education loans made annually at institutions of higher education, the total number and dollar amount of private education loans made annually with a cosigner, and the default rate for the private education loans reported by the private educational lender pursuant to specified provisions for the previous reporting period. Effective immediately.

Every action

14 steps, oldest first, as the legislature records them.

Show the 6 earlier steps
  1. SenateFiled with Secretary by Sen. Michael W. Halpin
  2. SenateFirst Reading
  3. CommitteeReferred to Assignments · Senate Assignments
  4. CommitteeAssigned to Higher Education · Senate Higher Education
  5. SenateAdded as Co-Sponsor Sen. Mary Edly-Allen
  6. CommitteeDo Pass Higher Education; 013-000-000 · Senate Higher Education
  1. SenatePlaced on Calendar Order of 2nd Reading February 26, 2026
  2. SenateSecond Reading
  3. SenatePlaced on Calendar Order of 3rd Reading March 3, 2026
  4. SenateAdded as Co-Sponsor Sen. Paul Faraci
  5. SenateAdded as Co-Sponsor Sen. Julie A. Morrison
  6. SenateAdded as Co-Sponsor Sen. Robert Peters
  7. SenateAdded as Co-Sponsor Sen. Adriane Johnson
  8. CommitteeRule 3-9(a) / Re-referred to Assignments · Senate Assignments

Roll calls

1 recorded vote: 0 on the floor, 1 in committee. Each shows how every member voted.

Committee votes

DateWhereQuestionResult
Feb 25, 2026 Senate Higher Education Higher Education - Do Pass
Members

Yes · 13

Not voting · 1

 Passed 13–0

Sponsors

The member who introduced it, joined by 5 cosponsors: 5 Democrats.

All 5 cosponsors

From Illinois's official records (www.ilga.gov), checked Nov 13, 2026. Text links go to the official versions; LegiList does not copy bill text.