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| | HB2635 | - 2 - | LRB097 07558 NHT 47668 b |
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1 | | (4) is enrolled at least one-half time as a freshman |
2 | | undergraduate student
at an approved Illinois institution |
3 | | of higher learning participating in the
Monetary Award |
4 | | Program administered by the Commission.
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5 | | (b) Subject to a separate appropriation made for purposes |
6 | | of awarding grants
under this Section, Illinois Incentive for |
7 | | Access grants shall be paid in
multiple disbursements as |
8 | | determined by the Commission (i) in an amount not
to
exceed |
9 | | $1,000 per applicant per year
for applicants with an expected |
10 | | family contribution of $0, as defined by
current federal |
11 | | student aid methodology, and (ii) in an amount not to
exceed |
12 | | $500 for applicants with an expected family contribution of |
13 | | $500
or less but more than $0, as defined by current federal |
14 | | student aid
methodology. In awarding grants, the Commission |
15 | | shall give priority to
applicants with an expected family |
16 | | contribution of $0. No recipient may
receive a
grant under
this |
17 | | Section for
more than 2 semesters or 3 quarters of award |
18 | | payments.
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19 | | (c) Eligibility for grants awarded
under this Section shall |
20 | | be determined solely on the basis of the financial
resources of |
21 | | the applicant and the applicant's family. Cost of attendance at
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22 | | the institution in which the applicant is enrolled shall not |
23 | | affect eligibility
for an award, except that State student |
24 | | financial assistance awarded under
this Act, including the |
25 | | Illinois Incentive for Access award, may not exceed the
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26 | | institution's cost of attendance.
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| | HB2635 | - 3 - | LRB097 07558 NHT 47668 b |
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1 | | (d) The Commission shall notify applicants that grant |
2 | | assistance is
contingent upon availability of appropriated |
3 | | funds.
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4 | | (e) The Commission shall submit a written evaluation of the |
5 | | Illinois
Incentive for Access program to the Governor, the |
6 | | General Assembly, and the
Board of Higher Education on or |
7 | | before October 1, 1999, including a report of
the progress made |
8 | | toward the goal of increasing the access and retention
rates |
9 | | for Illinois Incentive for Access grant recipients.
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10 | | (Source: P.A. 93-455, eff. 7-1-04 .)
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