Date	Chamber	Action
3/15/2024	Senate	Rule 3-9(a) / Re-referred to Assignments

Statutes Amended In Order of Appearance

110 ILCS 947/35

Synopsis As Introduced
Amends the Higher Education Student Assistance Act. With regard to the Monetary Award Program, provides that, in addition to other eligibility requirements for applicants of the grant program enrolled at a qualified for-profit institution, the following shall apply to the qualified for-profit institution in which the applicant is enrolled: (i) beginning with the 2023-2024 academic year, a qualified for-profit institution may not exceed a 15% national 3-year student loan cohort default rate, as published by the U.S. Department of Education, and (ii) beginning with the 2024-2025 academic year, a qualified for-profit institution must maintain an 80% student success rate; defines "student success rate". Provides that a for-profit institution's failure to meet those eligibility requirements shall result in a probationary academic year during which the institution is required to notify all current and prospective students eligible for Monetary Award Program grants of the student's possibility of losing that eligibility. Provides that if the institution fails to meet the for-profit institution eligibility requirements for 2 consecutive academic years, an applicant enrolled at the institution must lose Monetary Award Program grant eligibility and for a student to regain Monetary Award Program grant eligibility at that institution, the institution must meet the for-profit institution eligibility requirements for at least 2 consecutive academic years. Effective immediately.

Actions 

Date	Chamber	Action
1/20/2023	Senate	Filed with Secretary by Sen. Jil Tracy
1/20/2023	Senate	First Reading
1/20/2023	Senate	Referred to Assignments
1/31/2023	Senate	Assigned to Higher Education
3/10/2023	Senate	Rule 3-9(a) / Re-referred to Assignments
1/10/2024	Senate	Re-assigned to Higher Education
3/15/2024	Senate	Rule 3-9(a) / Re-referred to Assignments

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