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1 | | educational program at the
qualified institution of his or |
2 | | her choice.
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3 | | (b) The Commission shall award renewals only upon the |
4 | | student's application
and upon the Commission's finding that |
5 | | the applicant:
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6 | | (1) has remained a student in good standing;
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7 | | (2) remains a resident of this State; and
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8 | | (3) is in a financial situation that continues to |
9 | | warrant assistance.
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10 | | (c) All grants shall be applicable only to tuition and |
11 | | necessary fee costs. The Commission shall determine the grant
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12 | | amount for each student, which shall not exceed the smallest of
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13 | | the following amounts:
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14 | | (1) subject to appropriation, $5,468 for fiscal year |
15 | | 2009, $5,968 for fiscal year 2010, and $6,468 for fiscal |
16 | | year 2011 and each fiscal year thereafter, or such lesser |
17 | | amount as
the Commission finds to be available, during an |
18 | | academic year;
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19 | | (2) the amount which equals 2 semesters or 3 quarters |
20 | | tuition
and other necessary fees required generally by the |
21 | | institution of all
full-time undergraduate students; or
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22 | | (3) such amount as the Commission finds to be |
23 | | appropriate in view of
the applicant's financial |
24 | | resources.
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25 | | Subject to appropriation, the maximum grant amount for |
26 | | students not subject to subdivision (1) of this subsection (c) |
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1 | | must be increased by the same percentage as any increase made |
2 | | by law to the maximum grant amount under subdivision (1) of |
3 | | this subsection (c). |
4 | | "Tuition and other necessary fees" as used in this Section |
5 | | include the
customary charge for instruction and use of |
6 | | facilities in general, and the
additional fixed fees charged |
7 | | for specified purposes, which are required
generally of |
8 | | nongrant recipients for each academic period for which the |
9 | | grant
applicant actually enrolls, but do not include fees |
10 | | payable only once or
breakage fees and other contingent |
11 | | deposits which are refundable in whole or in
part. The |
12 | | Commission may prescribe, by rule not inconsistent with this
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13 | | Section, detailed provisions concerning the computation of |
14 | | tuition and other
necessary fees.
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15 | | (d) No applicant, including those presently receiving |
16 | | scholarship
assistance under this Act, is eligible for monetary |
17 | | award program
consideration under this Act after receiving a |
18 | | baccalaureate degree or
the equivalent of 135 semester credit |
19 | | hours of award payments.
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20 | | (e) The Commission, in determining the number of grants to |
21 | | be offered,
shall take into consideration past experience with |
22 | | the rate of grant funds
unclaimed by recipients. The Commission |
23 | | shall notify applicants that grant
assistance is contingent |
24 | | upon the availability of appropriated funds.
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25 | | (e-5) The General Assembly finds and declares that it is an |
26 | | important purpose of the Monetary Award Program to facilitate |
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1 | | access to college both for students who pursue postsecondary |
2 | | education immediately following high school and for those who |
3 | | pursue postsecondary education later in life, particularly |
4 | | Illinoisans who are dislocated workers with financial need and |
5 | | who are seeking to improve their economic position through |
6 | | education. For the 2015-2016 and 2016-2017 academic years, the |
7 | | Commission shall give additional and specific consideration to |
8 | | the needs of dislocated workers with the intent of allowing |
9 | | applicants who are dislocated workers an opportunity to secure |
10 | | financial assistance even if applying later than the general |
11 | | pool of applicants. The Commission's consideration shall |
12 | | include, in determining the number of grants to be offered, an |
13 | | estimate of the resources needed to serve dislocated workers |
14 | | who apply after the Commission initially suspends award |
15 | | announcements for the upcoming regular academic year, but prior |
16 | | to the beginning of that academic year. For the purposes of |
17 | | this subsection (e-5), a dislocated worker is defined as in the |
18 | | federal Workforce Investment Act of 1998. |
19 | | (f) The Commission may request appropriations for deposit |
20 | | into the
Monetary Award Program Reserve Fund. Monies deposited |
21 | | into the Monetary Award
Program Reserve Fund may be expended |
22 | | exclusively for one purpose: to make
Monetary Award Program |
23 | | grants to eligible students. Amounts on deposit in the
Monetary |
24 | | Award Program Reserve Fund may not exceed 2% of the current |
25 | | annual
State appropriation for the Monetary Award Program.
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26 | | The purpose of the Monetary Award Program Reserve Fund is |
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1 | | to enable the
Commission each year to assure as many students |
2 | | as possible of their
eligibility for a Monetary Award Program |
3 | | grant and to do so before commencement
of the academic year. |
4 | | Moneys deposited in this Reserve Fund are intended to
enhance |
5 | | the Commission's management of the Monetary Award Program, |
6 | | minimizing
the necessity, magnitude, and frequency of |
7 | | adjusting award amounts and ensuring
that the annual Monetary |
8 | | Award Program appropriation can be fully utilized.
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9 | | (g) Through the 2016-2017 academic year, the The Commission |
10 | | shall determine the eligibility of and make grants to
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11 | | applicants enrolled at qualified for-profit institutions in |
12 | | accordance with the
criteria set forth in this Section. The |
13 | | eligibility of applicants enrolled at
such for-profit |
14 | | institutions shall be limited as follows:
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15 | | (1) Beginning with the academic year 1997, only to |
16 | | eligible first-time
freshmen and
first-time transfer |
17 | | students who have attained an associate degree.
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18 | | (2) Beginning with the academic year 1998, only to |
19 | | eligible freshmen
students,
transfer students who have |
20 | | attained an associate degree, and students who
receive a |
21 | | grant under paragraph (1) for the academic year 1997 and |
22 | | whose grants
are being renewed for the academic year 1998.
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23 | | (3) Beginning with the academic year 1999, to all |
24 | | eligible students.
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25 | | Beginning with the 2017-2018 academic year, the Commission |
26 | | may make a grant under this Section to an eligible applicant |