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| [ Introduced ] | [ House Amendment 001 ] |
92_HB4364eng HB4364 Engrossed LRB9212160NTpk 1 AN ACT regarding higher education student assistance. 2 Be it enacted by the People of the State of Illinois, 3 represented in the General Assembly: 4 Section 5. The Higher Education Student Assistance Act 5 is amended by changing Section 36 as follows: 6 (110 ILCS 947/36) 7 Sec. 36. Illinois Incentive for Access grant program. 8 (a) The Commission each year shall determine eligibility 9 for the Illinois Incentive for Access grant from applications 10 received for Monetary Award Program grant assistance under 11 Section 35 of this Act. An applicant shall be determined as 12 eligible for an Illinois Incentive for Access grant under 13 this Section when the Commission finds that the applicant: 14 (1) is a resident of this State and a citizen or 15 permanent resident of the United States; 16 (2) has limitednopersonal or family financial 17 resources available for expenditure on educational 18 expenses, as defined by current federal student financial 19 aid methodology; 20 (3) has not already received a baccalaureate 21 degree; and 22 (4) is enrolled at least one-half time as a 23 freshman or, beginning with the 2003-2004 academic year, 24 sophomore undergraduate student at an approved Illinois 25 institution of higher learning participating in the 26 Monetary Award Program administered by the Commission. 27 (b) Subject to a separate appropriation made for 28 purposes of awarding grants under this Section, Illinois 29 Incentive for Access grants shall be paid in multiple 30 disbursements as determined by the Commission in an amount 31 not to exceed the following$500per applicant per year: HB4364 Engrossed -2- LRB9212160NTpk 1 (1) $750 for the 2002-2003 academic year and $1,000 2 for the 2003-2004 and subsequent academic years for 3 applicants with an expected family contribution of $0, as 4 defined by current federal student aid methodology; 5 (2) $375 for the 2002-2003 academic year for 6 applicants with an expected family contribution of $375 7 or less but more than $0, as defined by current federal 8 student aid methodology; and 9 (3) $500 for the 2003-2004 and subsequent academic 10 years for applicants with an expected family contribution 11 of $500 or less but more than $0, as defined by current 12 federal student aid methodology. 13 In awarding grants, the Commission shall give priority to 14 applicants with an expected family contribution of $0. No 15 recipient may receive a grant under this Section for more 16 than 2 semesters or 3 quarters of award payments. Beginning 17 with the 2003-2004 academic year, however, a recipient may 18 not receive a grant under this Section for more than 4 19 semesters or 6 quarters of award payments. 20 (c) Eligibility for grants awarded under this Section 21 shall be determined solely on the basis of the financial 22 resources of the applicant and the applicant's family. Cost 23 of attendance at the institution in which the applicant is 24 enrolled shall not affect eligibility for an award, except 25 that State student financial assistance awarded under this 26 Act, including the Illinois Incentive for Access award, may 27 not exceed the institution's cost of attendance. 28 (d) The Commission shall notify applicants that grant 29 assistance is contingent upon availability of appropriated 30 funds. 31 (e) The Commission shall submit a written evaluation of 32 the Illinois Incentive for Access program to the Governor, 33 the General Assembly, and the Board of Higher Education on or 34 before October 1, 1999, including a report of the progress HB4364 Engrossed -3- LRB9212160NTpk 1 made toward the goal of increasing the access and retention 2 rates for Illinois Incentive for Access grant recipients. 3 (Source: P.A. 89-512, eff. 7-11-96.) 4 Section 99. Effective date. This Act takes effect July 1, 5 2002.