|
| | 10000SB3567sam001 | - 2 - | LRB100 20476 AXK 40431 a |
|
|
1 | | eligible for a grant under
this Section when the Commission |
2 | | finds that the applicant:
|
3 | | (1) is a resident of this State and a citizen or |
4 | | permanent resident
of the United States; and
|
5 | | (2) in the absence of grant assistance, will be |
6 | | deterred by
financial considerations from completing an |
7 | | educational program at the
qualified institution of his or |
8 | | her choice.
|
9 | | (b) The Commission shall award renewals only upon the |
10 | | student's application
and upon the Commission's finding that |
11 | | the applicant:
|
12 | | (1) has remained a student in good standing;
|
13 | | (2) remains a resident of this State; and
|
14 | | (3) is in a financial situation that continues to |
15 | | warrant assistance.
|
16 | | (c) All grants shall be applicable only to tuition and |
17 | | necessary fee costs. The Commission shall determine the grant
|
18 | | amount for each student, which shall not exceed the smallest of
|
19 | | the following amounts:
|
20 | | (1) subject to appropriation, $5,468 for fiscal year |
21 | | 2009, $5,968 for fiscal year 2010, and $6,468 for fiscal |
22 | | year 2011 and each fiscal year thereafter, or such lesser |
23 | | amount as
the Commission finds to be available, during an |
24 | | academic year;
|
25 | | (2) the amount which equals 2 semesters or 3 quarters |
26 | | tuition
and other necessary fees required generally by the |
|
| | 10000SB3567sam001 | - 3 - | LRB100 20476 AXK 40431 a |
|
|
1 | | institution of all
full-time undergraduate students; or
|
2 | | (3) such amount as the Commission finds to be |
3 | | appropriate in view of
the applicant's financial |
4 | | resources.
|
5 | | Subject to appropriation, the maximum grant amount for |
6 | | students not subject to subdivision (1) of this subsection (c) |
7 | | must be increased by the same percentage as any increase made |
8 | | by law to the maximum grant amount under subdivision (1) of |
9 | | this subsection (c). |
10 | | "Tuition and other necessary fees" as used in this Section |
11 | | include the
customary charge for instruction and use of |
12 | | facilities in general, and the
additional fixed fees charged |
13 | | for specified purposes, which are required
generally of |
14 | | nongrant recipients for each academic period for which the |
15 | | grant
applicant actually enrolls, but do not include fees |
16 | | payable only once or
breakage fees and other contingent |
17 | | deposits which are refundable in whole or in
part. The |
18 | | Commission may prescribe, by rule not inconsistent with this
|
19 | | Section, detailed provisions concerning the computation of |
20 | | tuition and other
necessary fees.
|
21 | | (d) No applicant, including those presently receiving |
22 | | scholarship
assistance under this Act, is eligible for monetary |
23 | | award program
consideration under this Act after receiving a |
24 | | baccalaureate degree or
the equivalent of 135 semester credit |
25 | | hours of award payments.
|
26 | | (d-5) Beginning with the 2020-2021 academic year, a grant |
|
| | 10000SB3567sam001 | - 4 - | LRB100 20476 AXK 40431 a |
|
|
1 | | awarded under this Section to a first-time, full-time freshman |
2 | | of a public institution of higher learning shall be prioritized |
3 | | for renewal until the grant recipient completes a baccalaureate |
4 | | degree or the equivalent of 135 credit hours if the recipient |
5 | | otherwise meets the renewal requirements under this Section and |
6 | | remains enrolled at a public institution of higher learning |
7 | | until the degree or credit hours are completed. |
8 | | (e) The Commission, in determining the number of grants to |
9 | | be offered,
shall take into consideration past experience with |
10 | | the rate of grant funds
unclaimed by recipients. The Commission |
11 | | shall notify applicants that grant
assistance is contingent |
12 | | upon the availability of appropriated funds.
|
13 | | (e-5) The General Assembly finds and declares that it is an |
14 | | important purpose of the Monetary Award Program to facilitate |
15 | | access to college both for students who pursue postsecondary |
16 | | education immediately following high school and for those who |
17 | | pursue postsecondary education later in life, particularly |
18 | | Illinoisans who are dislocated workers with financial need and |
19 | | who are seeking to improve their economic position through |
20 | | education. For the 2015-2016 and 2016-2017 academic years, the |
21 | | Commission shall give additional and specific consideration to |
22 | | the needs of dislocated workers with the intent of allowing |
23 | | applicants who are dislocated workers an opportunity to secure |
24 | | financial assistance even if applying later than the general |
25 | | pool of applicants. The Commission's consideration shall |
26 | | include, in determining the number of grants to be offered, an |
|
| | 10000SB3567sam001 | - 5 - | LRB100 20476 AXK 40431 a |
|
|
1 | | estimate of the resources needed to serve dislocated workers |
2 | | who apply after the Commission initially suspends award |
3 | | announcements for the upcoming regular academic year, but prior |
4 | | to the beginning of that academic year. For the purposes of |
5 | | this subsection (e-5), a dislocated worker is defined as in the |
6 | | federal Workforce
Innovation and Opportunity Act. |
7 | | (f) The Commission may request appropriations for deposit |
8 | | into the
Monetary Award Program Reserve Fund. Monies deposited |
9 | | into the Monetary Award
Program Reserve Fund may be expended |
10 | | exclusively for one purpose: to make
Monetary Award Program |
11 | | grants to eligible students. Amounts on deposit in the
Monetary |
12 | | Award Program Reserve Fund may not exceed 2% of the current |
13 | | annual
State appropriation for the Monetary Award Program.
|
14 | | The purpose of the Monetary Award Program Reserve Fund is |
15 | | to enable the
Commission each year to assure as many students |
16 | | as possible of their
eligibility for a Monetary Award Program |
17 | | grant and to do so before commencement
of the academic year. |
18 | | Moneys deposited in this Reserve Fund are intended to
enhance |
19 | | the Commission's management of the Monetary Award Program, |
20 | | minimizing
the necessity, magnitude, and frequency of |
21 | | adjusting award amounts and ensuring
that the annual Monetary |
22 | | Award Program appropriation can be fully utilized.
|
23 | | (g) Until July 1, 2019, the The Commission shall determine |
24 | | the eligibility of and make grants to
applicants enrolled at |
25 | | qualified for-profit institutions in accordance with the
|
26 | | criteria set forth in this Section. The eligibility of |
|
| | 10000SB3567sam001 | - 6 - | LRB100 20476 AXK 40431 a |
|
|
1 | | applicants enrolled at
such for-profit institutions shall be |
2 | | limited as follows:
|
3 | | (1) Beginning with the academic year 1997, only to |
4 | | eligible first-time
freshmen and
first-time transfer |
5 | | students who have attained an associate degree.
|
6 | | (2) Beginning with the academic year 1998, only to |
7 | | eligible freshmen
students,
transfer students who have |
8 | | attained an associate degree, and students who
receive a |
9 | | grant under paragraph (1) for the academic year 1997 and |
10 | | whose grants
are being renewed for the academic year 1998.
|
11 | | (3) Beginning with the academic year 1999, to all |
12 | | eligible students.
|
13 | | (h) Beginning with the 2019-2020 academic year, the |
14 | | Commission may not make any grants under this Section to an |
15 | | applicant enrolled at a for-profit institution; except that |
16 | | until July 1, 2023, the Commission may award a grant renewal to |
17 | | an applicant enrolled at a for-profit institution if he or she |
18 | | otherwise meets the renewal requirements under this Section. |
19 | | (i) The Commission may adopt rules to implement this |
20 | | Section. |
21 | | (Source: P.A. 100-477, eff. 9-8-17.)
|
22 | | Section 99. Effective date. This Act takes effect upon |
23 | | becoming law.".
|