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Higher Education Committee
Filed: 3/7/2007
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09500HB0703ham001 |
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LRB095 03760 NHT 32557 a |
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| AMENDMENT TO HOUSE BILL 703
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| AMENDMENT NO. ______. Amend House Bill 703 by replacing |
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| everything after the enacting clause with the following:
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| "Section 5. The Higher Education Student Assistance Act is |
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| amended by changing Section 35 as follows:
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| (110 ILCS 947/35)
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| Sec. 35. Monetary award program.
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| (a) The Commission shall, each year, receive and consider |
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| applications
for grant assistance under this Section. Subject |
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| to a separate
appropriation for such purposes, an applicant is |
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| eligible for a grant under
this Section when the Commission |
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| finds that the applicant:
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| (1) is a resident of this State and a citizen or |
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| permanent resident
of the United States; and
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| (2) in the absence of grant assistance, will be |
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| deterred by
financial considerations from completing an |
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LRB095 03760 NHT 32557 a |
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| educational program at the
qualified institution of his or |
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| her choice.
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| (b) The Commission shall award renewals only upon the |
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| student's application
and upon the Commission's finding that |
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| the applicant:
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| (1) has remained a student in good standing;
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| (2) remains a resident of this State; and
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| (3) is in a financial situation that continues to |
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| warrant assistance.
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| (c) All grants shall be applicable only to tuition and |
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| necessary fee costs. The Commission shall determine the grant
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| amount for each student, which shall not exceed the smallest of
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| the following amounts:
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| (1) $5,466
$4,968, or such lesser amount as
the |
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| Commission finds to be available, during an academic year; |
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| or
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| (2) the amount which equals 2 semesters or 3 quarters |
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| tuition
and other necessary fees required generally by the |
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| institution of all
full-time undergraduate students; or
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| (3) such amount as the Commission finds to be |
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| appropriate in view of
the applicant's financial |
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| resources.
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| The maximum grant amount for students not subject to |
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| subdivision (1) of this subsection (c) must be increased by the |
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| same percentage as any increase made by law to the maximum |
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| grant amount under subdivision (1) of this subsection (c).
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LRB095 03760 NHT 32557 a |
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| "Tuition and other necessary fees" as used in this Section |
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| include the
customary charge for instruction and use of |
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| facilities in general, and the
additional fixed fees charged |
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| for specified purposes, which are required
generally of |
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| nongrant recipients for each academic period for which the |
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| grant
applicant actually enrolls, but do not include fees |
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| payable only once or
breakage fees and other contingent |
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| deposits which are refundable in whole or in
part. The |
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| Commission may prescribe, by rule not inconsistent with this
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| Section, detailed provisions concerning the computation of |
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| tuition and other
necessary fees.
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| (d) No applicant, including those presently receiving |
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| scholarship
assistance under this Act, is eligible for monetary |
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| award program
consideration under this Act after receiving a |
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| baccalaureate degree or
the equivalent of 135 semester credit |
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| hours of award payments.
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| (e) The Commission, in determining the number of grants to |
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| be offered,
shall take into consideration past experience with |
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| the rate of grant funds
unclaimed by recipients. The Commission |
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| shall notify applicants that grant
assistance is contingent |
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| upon the availability of appropriated funds.
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| (f) The Commission may request appropriations for deposit |
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| into the
Monetary Award Program Reserve Fund. Monies deposited |
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| into the Monetary Award
Program Reserve Fund may be expended |
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| exclusively for one purpose: to make
Monetary Award Program |
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| grants to eligible students. Amounts on deposit in the
Monetary |
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LRB095 03760 NHT 32557 a |
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| Award Program Reserve Fund may not exceed 2% of the current |
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| annual
State appropriation for the Monetary Award Program.
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| The purpose of the Monetary Award Program Reserve Fund is |
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| to enable the
Commission each year to assure as many students |
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| as possible of their
eligibility for a Monetary Award Program |
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| grant and to do so before commencement
of the academic year. |
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| Moneys deposited in this Reserve Fund are intended to
enhance |
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| the Commission's management of the Monetary Award Program, |
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| minimizing
the necessity, magnitude, and frequency of |
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| adjusting award amounts and ensuring
that the annual Monetary |
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| Award Program appropriation can be fully utilized.
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| (g) The Commission shall determine the eligibility of and |
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| make grants to
applicants enrolled at qualified for-profit |
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| institutions in accordance with the
criteria set forth in this |
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| Section. The eligibility of applicants enrolled at
such |
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| for-profit institutions shall be limited as follows:
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| (1) Beginning with the academic year 1997, only to |
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| eligible first-time
freshmen and
first-time transfer |
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| students who have attained an associate degree.
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| (2) Beginning with the academic year 1998, only to |
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| eligible freshmen
students,
transfer students who have |
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| attained an associate degree, and students who
receive a |
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| grant under paragraph (1) for the academic year 1997 and |
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| whose grants
are being renewed for the academic year 1998.
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| (3) Beginning with the academic year 1999, to all |
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| eligible students.
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