WELCH. New Act 30 ILCS 105/5.570 new Creates the Teaching Fellows Act and amends the State Finance Act. Establishes a Teaching Fellows Commission. Requires the Commission to establish and administer a Teaching Fellows Program to provide a 4-year scholarship loan of $6,500 per person per year to high school seniors in this State interested in preparing to teach in the public schools in this State. Includes provisions concerning the selection of students, termination and forgiveness of scholarship loans, the Teaching Fellows Revolving Fund, and administrative costs. FEB-06-2002 S FIRST READING FEB-06-2002 S REFERRED TO SENATE RULES COMMITTEE RULES JAN-07-2003 S SESSION SINE DIE END OF INQUIRY Full Text Bill Summary