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1 | | eligible for a grant under
this Section when the Commission |
2 | | finds that the applicant:
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3 | | (1) is a resident of this State and a citizen or |
4 | | permanent resident
of the United States; and
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5 | | (2) in the absence of grant assistance, will be |
6 | | deterred by
financial considerations from completing an |
7 | | educational program at the
qualified institution of his or |
8 | | her choice.
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9 | | (b) The Commission shall award renewals only upon the |
10 | | student's application
and upon the Commission's finding that |
11 | | the applicant:
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12 | | (1) has remained a student in good standing;
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13 | | (2) remains a resident of this State; and
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14 | | (3) is in a financial situation that continues to |
15 | | warrant assistance.
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16 | | (c) All grants shall be applicable only to tuition and |
17 | | necessary fee costs. The Commission shall determine the grant
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18 | | amount for each student, which shall not exceed the smallest of
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19 | | the following amounts:
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20 | | (1) subject to appropriation, $5,468 for fiscal year |
21 | | 2009, $5,968 for fiscal year 2010, and $6,468 for fiscal |
22 | | year 2011 and each fiscal year thereafter, or such lesser |
23 | | amount as
the Commission finds to be available, during an |
24 | | academic year;
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25 | | (2) the amount which equals 2 semesters or 3 quarters |
26 | | tuition
and other necessary fees required generally by the |
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1 | | institution of all
full-time undergraduate students; or
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2 | | (3) such amount as the Commission finds to be |
3 | | appropriate in view of
the applicant's financial |
4 | | resources.
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5 | | Subject to appropriation, the maximum grant amount for |
6 | | students not subject to subdivision (1) of this subsection (c) |
7 | | must be increased by the same percentage as any increase made |
8 | | by law to the maximum grant amount under subdivision (1) of |
9 | | this subsection (c). |
10 | | "Tuition and other necessary fees" as used in this Section |
11 | | include the
customary charge for instruction and use of |
12 | | facilities in general, and the
additional fixed fees charged |
13 | | for specified purposes, which are required
generally of |
14 | | nongrant recipients for each academic period for which the |
15 | | grant
applicant actually enrolls, but do not include fees |
16 | | payable only once or
breakage fees and other contingent |
17 | | deposits which are refundable in whole or in
part. The |
18 | | Commission may prescribe, by rule not inconsistent with this
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19 | | Section, detailed provisions concerning the computation of |
20 | | tuition and other
necessary fees.
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21 | | (d) No applicant, including those presently receiving |
22 | | scholarship
assistance under this Act, is eligible for monetary |
23 | | award program
consideration under this Act after receiving a |
24 | | baccalaureate degree or
the equivalent of 135 semester credit |
25 | | hours of award payments.
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26 | | (d-5) In this subsection (d-5), "renewing applicant" means |
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1 | | a student attending a public institution of higher learning who |
2 | | received a Monetary Award Program grant during the prior |
3 | | academic year. Beginning with the processing of applications |
4 | | for the 2020-2021 academic year, the Commission shall annually |
5 | | publish a priority deadline date for renewing applicants. |
6 | | Subject to appropriation, a renewing applicant who files by the |
7 | | published priority deadline date shall receive a grant if he or |
8 | | she continues to meet the eligibility requirements under this |
9 | | Section. A renewing applicant's failure to apply by the |
10 | | priority deadline date established under this subsection (d-5) |
11 | | shall not disqualify him or her from receiving a grant if |
12 | | sufficient funding is available to provide awards after that |
13 | | date. |
14 | | (e) The Commission, in determining the number of grants to |
15 | | be offered,
shall take into consideration past experience with |
16 | | the rate of grant funds
unclaimed by recipients. The Commission |
17 | | shall notify applicants that grant
assistance is contingent |
18 | | upon the availability of appropriated funds.
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19 | | (e-5) The General Assembly finds and declares that it is an |
20 | | important purpose of the Monetary Award Program to facilitate |
21 | | access to college both for students who pursue postsecondary |
22 | | education immediately following high school and for those who |
23 | | pursue postsecondary education later in life, particularly |
24 | | Illinoisans who are dislocated workers with financial need and |
25 | | who are seeking to improve their economic position through |
26 | | education. For the 2015-2016 and 2016-2017 academic years, the |
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1 | | Commission shall give additional and specific consideration to |
2 | | the needs of dislocated workers with the intent of allowing |
3 | | applicants who are dislocated workers an opportunity to secure |
4 | | financial assistance even if applying later than the general |
5 | | pool of applicants. The Commission's consideration shall |
6 | | include, in determining the number of grants to be offered, an |
7 | | estimate of the resources needed to serve dislocated workers |
8 | | who apply after the Commission initially suspends award |
9 | | announcements for the upcoming regular academic year, but prior |
10 | | to the beginning of that academic year. For the purposes of |
11 | | this subsection (e-5), a dislocated worker is defined as in the |
12 | | federal Workforce
Innovation and Opportunity Act. |
13 | | (f) The Commission may request appropriations for deposit |
14 | | into the
Monetary Award Program Reserve Fund. Monies deposited |
15 | | into the Monetary Award
Program Reserve Fund may be expended |
16 | | exclusively for one purpose: to make
Monetary Award Program |
17 | | grants to eligible students. Amounts on deposit in the
Monetary |
18 | | Award Program Reserve Fund may not exceed 2% of the current |
19 | | annual
State appropriation for the Monetary Award Program.
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20 | | The purpose of the Monetary Award Program Reserve Fund is |
21 | | to enable the
Commission each year to assure as many students |
22 | | as possible of their
eligibility for a Monetary Award Program |
23 | | grant and to do so before commencement
of the academic year. |
24 | | Moneys deposited in this Reserve Fund are intended to
enhance |
25 | | the Commission's management of the Monetary Award Program, |
26 | | minimizing
the necessity, magnitude, and frequency of |
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1 | | adjusting award amounts and ensuring
that the annual Monetary |
2 | | Award Program appropriation can be fully utilized.
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3 | | (g) Until July 1, 2019, the The Commission shall determine |
4 | | the eligibility of and make grants to
applicants enrolled at |
5 | | qualified for-profit institutions in accordance with the
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6 | | criteria set forth in this Section. The eligibility of |
7 | | applicants enrolled at
such for-profit institutions shall be |
8 | | limited as follows:
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9 | | (1) Beginning with the academic year 1997, only to |
10 | | eligible first-time
freshmen and
first-time transfer |
11 | | students who have attained an associate degree.
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12 | | (2) Beginning with the academic year 1998, only to |
13 | | eligible freshmen
students,
transfer students who have |
14 | | attained an associate degree, and students who
receive a |
15 | | grant under paragraph (1) for the academic year 1997 and |
16 | | whose grants
are being renewed for the academic year 1998.
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17 | | (3) Beginning with the academic year 1999, to all |
18 | | eligible students.
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19 | | (h) Beginning with the 2019-2020 academic year, the |
20 | | Commission may not make any grants under this Section to an |
21 | | applicant enrolled at a for-profit institution; except that |
22 | | until July 1, 2023, the Commission may award a grant renewal to |
23 | | an applicant enrolled at a for-profit institution if he or she |
24 | | otherwise meets the renewal requirements under this Section. |
25 | | (i) The Commission may adopt rules to implement this |
26 | | Section. |