90th General Assembly
Summary of SB1050
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Short description: 
ISAC-INCREASE MONETARY AWARDS                                              

Synopsis of Bill as introduced:
        Amends the Higher Education Student  Assistance  Act.   Increases      
   the  maximum  monetary award program grant for full-time undergraduate      
   students to $4,120  (from  $4,000)  and  for  part-time  undergraduate      
   students to $2,060 (from $2,000). Also includes, within the definition      
   of an institution of higher learning at which monetary  award  program      
   grants  may  be  used, a  for-profit organization that meets specified      
   degree and accreditation criteria in addition  to  other  requirements      
   that   are   applicable   to   public   and   private,  not-for-profit      
   institutions.  Establishes a priority order to be followed  in  making      
   grants, beginning in academic year 1997, to students at the for-profit      
   organization. Effective July 1, 1997.                                       
        SENATE AMENDMENT NO. 1.                                                
        Provides that the first-time freshmen and  transfer  students  of      
   qualified   for-profit  institutions  who  receive  grants  and  those      
   students whose grants are to be renewed must be otherwise  "eligible".      
   Deletes  provisions requiring the Commission to adopt rules to provide      
   for the prioritization of such grants.                                      
Last action on Bill: PUBLIC ACT.............................. 90-0122

   Last action date: 97-07-17

           Location: Senate

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   1


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