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Student loan payoff program draws homebuyers to Illinois


Student loan payoff program draws homebuyers to Illinois
 
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Illinois is drawing homebuyers to the state with a $25 million SmartBuy program that helps pay off student loans and provides a loan of $5,000 for a down payment or closing costs.
So far, 26 people have bought homes through the program among nearly 200 who enrolled between Dec. 1 and late March, the Chicago Tribune reports. The SmartBuy program is being offered by the Illinois Housing Development Authority.
Lawyers are among those impacted by high student loans. More than 55% postponed or decided not to buy a house because of student debt, according to a 2020 survey report by the ABA Young Lawyers Division. ....

United States , Debra Cassens Weiss , Young Lawyers Division , Illinois Housing Development Authority , Chicago Tribune , Illinois Housing Development , Chanon Slaughter , ஒன்றுபட்டது மாநிலங்களில் , டெப்ரா காசென்ஸ் வெயிஸ் , இளம் வழக்கறிஞர்கள் பிரிவு , இல்லினாய்ஸ் வீட்டுவசதி வளர்ச்சி அதிகாரம் , சிகாகோ ட்ரிப்யூன் , இல்லினாய்ஸ் வீட்டுவசதி வளர்ச்சி , சானொன் படுகொலை ,

Illinois is paying off $25 million in student loans to encourage homeownership, and that's drawing buyers to the state