Illinois General Assembly - Bill Status for SB3452
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 Bill Status of SB3452  98th General Assembly


Senate Sponsors
Sen. Michael W. Frerichs

Last Action
DateChamber Action
  1/13/2015SenateSession Sine Die

Statutes Amended In Order of Appearance
110 ILCS 205/9.34 new

Synopsis As Introduced
Amends the Board of Higher Education Act. Requires the Board of Higher Education to create a pilot program called Pay Forward, Pay Back to replace the current system of charging students tuition and fees for enrollment at public institutions of higher education. Requires the Board to identify one or more public institutions of higher education to participate in the pilot program. Provides that the pilot program shall (1) allow students to enroll in an institution without paying tuition or fees; (2) provide that, in lieu of paying tuition or fees, students must sign binding contracts to pay to the State of Illinois or the institution a certain percentage of the student's annual adjusted gross income upon graduation from the institution for a specified number of years; (3) specify the number of years and the percentage of annual adjusted gross income for contracts at each participating institution and base the specifications on research to date; and (4) establish an immediate funding source for the first 15 to 20 years of the pilot program and include the establishment of a revolving fund to deposit payments made under the pilot program. Allows the pilot program to vary by institution depending on certain factors and requires the Board to submit reports to the General Assembly.

DateChamber Action
  2/14/2014SenateFiled with Secretary by Sen. Michael W. Frerichs
  2/14/2014SenateFirst Reading
  2/14/2014SenateReferred to Assignments
  3/5/2014SenateAssigned to Higher Education
  3/28/2014SenateRule 3-9(a) / Re-referred to Assignments
  1/13/2015SenateSession Sine Die

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