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In June 2020, the Milken Institute, in collaboration with the State of Illinois' Treasurer's Office, organized two virtual Financial Innovations Labs® to discuss new ways for students to fund their post-secondary education. The Lab brought together government leaders, investors, loan servicers, alternative providers, and state agencies to debate solutions and develop a set of recommendations to enhance the debt options available for students in the state. The following report outlines the suggestions from participants to expand on the availability of traditional loan products, as well as introduce newer options.
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