Full Text of HB0703 95th General Assembly
HB0703eng 95TH GENERAL ASSEMBLY
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| AN ACT concerning education.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Higher Education Student Assistance Act is | 5 |
| 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 | 9 |
| applications
for grant assistance under this Section. Subject | 10 |
| to a separate
appropriation for such purposes, an applicant is | 11 |
| eligible for a grant under
this Section when the Commission | 12 |
| finds that the applicant:
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| (1) is a resident of this State and a citizen or | 14 |
| permanent resident
of the United States; and
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| (2) in the absence of grant assistance, will be | 16 |
| deterred by
financial considerations from completing an | 17 |
| educational program at the
qualified institution of his or | 18 |
| her choice.
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| (b) The Commission shall award renewals only upon the | 20 |
| student's application
and upon the Commission's finding that | 21 |
| 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 | 2 |
| warrant assistance.
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| (c) All grants shall be applicable only to tuition and | 4 |
| 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 | 8 |
| Commission finds to be available, during an academic year; | 9 |
| or
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| (2) the amount which equals 2 semesters or 3 quarters | 11 |
| tuition
and other necessary fees required generally by the | 12 |
| institution of all
full-time undergraduate students; or
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| (3) such amount as the Commission finds to be | 14 |
| appropriate in view of
the applicant's financial | 15 |
| resources.
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| The maximum grant amount for students not subject to | 17 |
| subdivision (1) of this subsection (c) must be increased by the | 18 |
| same percentage as any increase made by law to the maximum | 19 |
| grant amount under subdivision (1) of this subsection (c).
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| "Tuition and other necessary fees" as used in this Section | 21 |
| include the
customary charge for instruction and use of | 22 |
| facilities in general, and the
additional fixed fees charged | 23 |
| for specified purposes, which are required
generally of | 24 |
| nongrant recipients for each academic period for which the | 25 |
| grant
applicant actually enrolls, but do not include fees | 26 |
| payable only once or
breakage fees and other contingent |
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| deposits which are refundable in whole or in
part. The | 2 |
| Commission may prescribe, by rule not inconsistent with this
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| Section, detailed provisions concerning the computation of | 4 |
| tuition and other
necessary fees.
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| (d) No applicant, including those presently receiving | 6 |
| scholarship
assistance under this Act, is eligible for monetary | 7 |
| award program
consideration under this Act after receiving a | 8 |
| baccalaureate degree or
the equivalent of 135 semester credit | 9 |
| hours of award payments.
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| (e) The Commission, in determining the number of grants to | 11 |
| be offered,
shall take into consideration past experience with | 12 |
| the rate of grant funds
unclaimed by recipients. The Commission | 13 |
| shall notify applicants that grant
assistance is contingent | 14 |
| upon the availability of appropriated funds.
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| (f) The Commission may request appropriations for deposit | 16 |
| into the
Monetary Award Program Reserve Fund. Monies deposited | 17 |
| into the Monetary Award
Program Reserve Fund may be expended | 18 |
| exclusively for one purpose: to make
Monetary Award Program | 19 |
| grants to eligible students. Amounts on deposit in the
Monetary | 20 |
| Award Program Reserve Fund may not exceed 2% of the current | 21 |
| annual
State appropriation for the Monetary Award Program.
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| The purpose of the Monetary Award Program Reserve Fund is | 23 |
| to enable the
Commission each year to assure as many students | 24 |
| as possible of their
eligibility for a Monetary Award Program | 25 |
| grant and to do so before commencement
of the academic year. | 26 |
| Moneys deposited in this Reserve Fund are intended to
enhance |
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| the Commission's management of the Monetary Award Program, | 2 |
| minimizing
the necessity, magnitude, and frequency of | 3 |
| adjusting award amounts and ensuring
that the annual Monetary | 4 |
| Award Program appropriation can be fully utilized.
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| (g) The Commission shall determine the eligibility of and | 6 |
| make grants to
applicants enrolled at qualified for-profit | 7 |
| institutions in accordance with the
criteria set forth in this | 8 |
| Section. The eligibility of applicants enrolled at
such | 9 |
| for-profit institutions shall be limited as follows:
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| (1) Beginning with the academic year 1997, only to | 11 |
| eligible first-time
freshmen and
first-time transfer | 12 |
| students who have attained an associate degree.
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| (2) Beginning with the academic year 1998, only to | 14 |
| eligible freshmen
students,
transfer students who have | 15 |
| attained an associate degree, and students who
receive a | 16 |
| grant under paragraph (1) for the academic year 1997 and | 17 |
| whose grants
are being renewed for the academic year 1998.
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| (3) Beginning with the academic year 1999, to all | 19 |
| eligible students.
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| (Source: P.A. 92-45, eff. 7-1-01; 93-1032, eff. 9-2-04.)
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| Section 99. Effective date. This Act takes effect July 1, | 22 |
| 2007.
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