Loans

High-cost consumer loans with interest as high as 200% have plummeted since a state law passed in March 2021 put a ceiling on interest rates at 36%.

U.S. Rep. Eric Sorensen took a tour Friday night of the Illinois State University campus with interim president Aondover Tarhule and discussed the state of education in central Illinois, and national and international affairs.

Last year, the Biden administration opened up applications to those who wanted to have some or all of their federal student loan debt erased. Nearly 13,000 people in Bloomington-Normal applied. That’s about 1 in 10 people living in the Twin Cities.

Bloomington-Normal businesses and other organizations were approved to borrow at least $130 million through the federal Paycheck Protection Program, with…