Student Debt

Let's say you've got a student loan and you get laid off your job. Your loan servicer suggests something called "forebearance" — the chance to delay payments for a year or two. Sounds tempting, but it ends up costing you more money.

That's one of the many tricky facts loan servicers will have to disclose in Illinois, where lawmakers yesterday approved stringent regulations on student loan service companies.

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WSIU's Jennifer Fuller talks with financial expert Adam Carroll, ahead of his lecture at SIU Carbondale through the University Honors program.