The Illinois Student Assistance Commission has reached out to Education Secretary Linda McMahon, voicing concern over potential setbacks in student financial aid. In their letter, the commission points to risks that include staffing reductions, possible shifts in loan administration, and worries over data security. These issues could impact both student borrowers and educational institutions, raising questions about timely access to financial support and the safety of sensitive information. The commission is urging federal action to address these concerns, emphasizing the importance of stability and security for students navigating complex financial aid processes.
“The inability to access timely financial aid can change the trajectory of a student’s life—students who cannot get financial aid may forgo higher education or be forced to drop out without receiving their degree or credential,” said ISAC Executive Director Eric Zarnikow. “Educational institutions that do not have large endowments or reserves will also have a difficult time remaining solvent if financial aid is delayed. While changes and uncertainty at the federal level can be overwhelming to navigate, ISAC will continue to support all students and families in Illinois to help them identify a postsecondary path that is right for them and access the financial aid for which they are eligible.”
