State of Illinois
92nd General Assembly
Legislation

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[ House Amendment 001 ]


92_HB6031

 
                                               LRB9214147NTgc

 1        AN ACT concerning 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 adding Section 65.56 as follows:

 6        (110 ILCS 947/65.56 new)
 7        Sec. 65.56.  Ryan Loan Repayment for Teachers Program.
 8        (a)  In order to encourage academically talented Illinois
 9    students to enter and continue teaching in  Illinois  schools
10    in low-income areas, the Commission shall, each year, receive
11    and consider applications for loan repayment assistance under
12    this  Section.  This  program shall be known as the Ryan Loan
13    Repayment  for  Teachers  Program.   The   Commission   shall
14    administer  the  program  and  shall  make  all necessary and
15    proper rules not  inconsistent  with  this  Section  for  the
16    program's effective implementation.
17        (b)  Subject  to  a  separate appropriation made for such
18    purposes,  the  Commission  shall  award  a  grant  to   each
19    qualified  applicant  in  an  amount  equal  to the amount of
20    educational  loans  forgiven  on  behalf  of  the   qualified
21    applicant pursuant to Sections 424 and 425 of Title IV of the
22    Higher  Education  Amendments  of 1998 (20 U.S.C. 1078-10 and
23    1078-11). The Commission shall encourage the recipient  of  a
24    grant  under  this Section to use the grant amount awarded to
25    pay off his or her educational loans.
26        (c)  A person is a qualified applicant under this Section
27    if he or she meets all of the following qualifications:
28             (1)  The  person  is  a  United  States  citizen  or
29        eligible noncitizen.
30             (2)  The person is a resident of this State.
31             (3)  The person is a borrower who has had an  amount
 
                            -2-                LRB9214147NTgc
 1        of  his  or  her  educational  loans forgiven pursuant to
 2        Sections 424 and 425 of Title IV of the Higher  Education
 3        Amendments of 1998.
 4        (d)  All  applications  for  grant  assistance under this
 5    Section  shall  be  made  to  the  Commission.  The  form  of
 6    application and the information required to be set  forth  in
 7    the  application  shall  be determined by the Commission, and
 8    the Commission shall require applicants to submit with  their
 9    applications  such  supporting  documents  as  the Commission
10    deems necessary.
11        (e)  A qualified applicant must apply for a  grant  under
12    this  Section within 6 months after receiving notification of
13    loan forgiveness pursuant to Sections 424 and 425 of Title IV
14    of the Higher Education Amendments of 1998.

15        Section 99.  Effective date.  This Act  takes  effect  on
16    July 1, 2003.

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