Chapman and Cutler LLP has served as bond counsel or underwriter's counsel in connection with many issues of "asset-backed" guaranteed student loan revenue bonds and "credit-enhanced" student loan revenue bonds of the Illinois Student Assistance Commission ("ISAC").

ISAC's program has grown consistently over the years and now originates or purchases more than $800 million of student loans each year.

As part of our practice group's growth, we have drafted more than 10 master resolutions or indentures for ISAC.

Our firm has extensive experience in fixed rate, auction rate, and letter of credit or bond insurance backed student loan securities. We have also rendered opinions on taxable and tax-exempt bonds, as well as refundings and new money issues.




We have always been focused on finance.

  • 1913
    TS Chapman partners with Henry Cutler to form Chapman and Cutler
  • 1st
    Chapman's first client in 1913 is still a client of the firm today
  • 22
    Diverse financial practices serving regional, national, and global clients
  • 6
    Offices across the country and in key US financial centers

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