Bill Status of SB0309  103rd General Assembly


Senate Sponsors
Sen. Ram Villivalam and Meg Loughran Cappel

Last Action
DateChamber Action
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance
110 ILCS 947/65.58 new

Synopsis As Introduced
Amends the Higher Education Student Assistance Act. Creates the Teacher Loan Repayment Program. Provides that the Illinois Student Assistance Commission shall consider applications for forgiving portions of qualified applicant's education loans each year. Provides that 10% of the applicant's yearly loan balance shall be forgiven each year for 5 years or until 50% of the applicant's outstanding balance at the time of the initial application is paid off. Effective July 1, 2024.

DateChamber Action
  2/2/2023SenateFiled with Secretary by Sen. Ram Villivalam
  2/2/2023SenateFirst Reading
  2/2/2023SenateReferred to Assignments
  2/7/2023SenateAssigned to Appropriations- Education
  2/14/2023SenateAdded as Co-Sponsor Sen. Meg Loughran Cappel
  3/10/2023SenateRule 3-9(a) / Re-referred to Assignments