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1 | | not depend on his or
her family for financial support. Students |
2 | | who are orphans, 24 years of age or older, married, or in the |
3 | | military or who have
a child and contribute to more than half |
4 | | of the child's support
are presumed, for the purposes of this |
5 | | Section, not to
be dependent on their families for financial |
6 | | support. |
7 | | "Tuition and other necessary fees" includes the customary |
8 | | charge for instruction and use of facilities in general and the |
9 | | additional fixed fees charged for specified purposes, which are |
10 | | required generally of nongrant recipients for each academic |
11 | | period for which the
grant applicant actually enrolls, but does |
12 | | not include fees
payable only once or breakage fees and other |
13 | | contingent
deposits that are refundable in whole or in part. |
14 | | The
Commission may prescribe, by rule not inconsistent with |
15 | | this
Section, detailed provisions concerning the computation |
16 | | of
tuition and other necessary fees. |
17 | | (a-5) The Commission shall, each year, receive and consider |
18 | | applications
for grant assistance under this Section. Subject |
19 | | to a separate
appropriation for such purposes, an applicant is |
20 | | eligible for a grant under
this Section when the Commission |
21 | | finds that the applicant:
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22 | | (1) is a resident of this State and a citizen or |
23 | | permanent resident
of the United States; and
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24 | | (2) in the absence of grant assistance, will be |
25 | | deterred by
financial considerations from completing an |
26 | | educational program at the
qualified institution of his or |
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1 | | her choice ; and .
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2 | | (3) beginning with the 2013-2014 academic year, with |
3 | | respect to an applicant who is a freshman dependent college |
4 | | student, has achieved at least an ACT college entrance exam |
5 | | score of 15 or a 3.0 cumulative grade point average on a |
6 | | 4.0 scale or its equivalent in high school. |
7 | | (b) The Commission shall award renewals only upon the |
8 | | student's application
and upon the Commission's finding that |
9 | | the applicant:
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10 | | (1) has remained a student in good standing;
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11 | | (2) remains a resident of this State; and
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12 | | (3) is in a financial situation that continues to |
13 | | warrant assistance.
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14 | | (c) All grants shall be applicable only to tuition and |
15 | | necessary fee costs. The Commission shall determine the grant
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16 | | amount for each student, which shall not exceed the smallest of
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17 | | the following amounts:
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18 | | (1) subject to appropriation, $5,468 for fiscal year |
19 | | 2009, $5,968 for fiscal year 2010, and $6,468 for fiscal |
20 | | year 2011 and each fiscal year thereafter, or such lesser |
21 | | amount as
the Commission finds to be available, during an |
22 | | academic year;
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23 | | (2) the amount which equals 2 semesters or 3 quarters |
24 | | tuition
and other necessary fees required generally by the |
25 | | institution of all
full-time undergraduate students; or
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26 | | (3) such amount as the Commission finds to be |
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1 | | appropriate in view of
the applicant's financial |
2 | | resources.
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3 | | Subject to appropriation, the maximum grant amount for |
4 | | students not subject to subdivision (1) of this subsection (c) |
5 | | must be increased by the same percentage as any increase made |
6 | | by law to the maximum grant amount under subdivision (1) of |
7 | | this subsection (c). |
8 | | "Tuition and other necessary fees" as used in this Section |
9 | | include the
customary charge for instruction and use of |
10 | | facilities in general, and the
additional fixed fees charged |
11 | | for specified purposes, which are required
generally of |
12 | | nongrant recipients for each academic period for which the |
13 | | grant
applicant actually enrolls, but do not include fees |
14 | | payable only once or
breakage fees and other contingent |
15 | | deposits which are refundable in whole or in
part. The |
16 | | Commission may prescribe, by rule not inconsistent with this
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17 | | Section, detailed provisions concerning the computation of |
18 | | tuition and other
necessary fees.
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19 | | (d) No applicant, including those presently receiving |
20 | | scholarship
assistance under this Act, is eligible for monetary |
21 | | award program
consideration under this Act after receiving a |
22 | | baccalaureate degree or
the equivalent of 135 semester credit |
23 | | hours of award payments.
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24 | | (e) The Commission, in determining the number of grants to |
25 | | be offered,
shall take into consideration past experience with |
26 | | the rate of grant funds
unclaimed by recipients. The Commission |
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1 | | shall notify applicants that grant
assistance is contingent |
2 | | upon the availability of appropriated funds.
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3 | | (f) The Commission may request appropriations for deposit |
4 | | into the
Monetary Award Program Reserve Fund. Monies deposited |
5 | | into the Monetary Award
Program Reserve Fund may be expended |
6 | | exclusively for one purpose: to make
Monetary Award Program |
7 | | grants to eligible students. Amounts on deposit in the
Monetary |
8 | | Award Program Reserve Fund may not exceed 2% of the current |
9 | | annual
State appropriation for the Monetary Award Program.
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10 | | The purpose of the Monetary Award Program Reserve Fund is |
11 | | to enable the
Commission each year to assure as many students |
12 | | as possible of their
eligibility for a Monetary Award Program |
13 | | grant and to do so before commencement
of the academic year. |
14 | | Moneys deposited in this Reserve Fund are intended to
enhance |
15 | | the Commission's management of the Monetary Award Program, |
16 | | minimizing
the necessity, magnitude, and frequency of |
17 | | adjusting award amounts and ensuring
that the annual Monetary |
18 | | Award Program appropriation can be fully utilized.
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19 | | (g) The Commission shall determine the eligibility of and |
20 | | make grants to
applicants enrolled at qualified for-profit |
21 | | institutions in accordance with the
criteria set forth in this |
22 | | Section. The eligibility of applicants enrolled at
such |
23 | | for-profit institutions shall be limited as follows:
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24 | | (1) Beginning with the academic year 1997, only to |
25 | | eligible first-time
freshmen and
first-time transfer |
26 | | students who have attained an associate degree.
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1 | | (2) Beginning with the academic year 1998, only to |
2 | | eligible freshmen
students,
transfer students who have |
3 | | attained an associate degree, and students who
receive a |
4 | | grant under paragraph (1) for the academic year 1997 and |
5 | | whose grants
are being renewed for the academic year 1998.
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6 | | (3) Beginning with the academic year 1999, to all |
7 | | eligible students.
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8 | | (h) The Commission shall establish a pilot program in 2013 |
9 | | to set aside $10,000,000 in Monetary Award Program grant funds |
10 | | for independent college students who apply after the Monetary |
11 | | Award Program's suspension date. If the Commission determines |
12 | | that the pilot program is successful, then it shall recommend |
13 | | to the General Assembly that the program continue. |
14 | | (Source: P.A. 95-917, eff. 8-26-08 .)".
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