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1 | | educational program at the
qualified institution of his or |
2 | | her choice.
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3 | | (b) The Commission shall award renewals only upon the |
4 | | student's application
and upon the Commission's finding that |
5 | | the applicant:
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6 | | (1) has remained a student in good standing;
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7 | | (2) remains a resident of this State; and
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8 | | (3) is in a financial situation that continues to |
9 | | warrant assistance.
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10 | | However, if a recipient of a grant under this Section is not |
11 | | permitted to continue attending an institution because he or |
12 | | she is not earning the minimum grades needed to continue to |
13 | | attend the institution, then that person may not receive a |
14 | | grant under this Section during the following academic year. |
15 | | The Commission may adopt any rules necessary for the |
16 | | enforcement of this prohibition. |
17 | | (c) All grants shall be applicable only to tuition and |
18 | | necessary fee costs. The Commission shall determine the grant
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19 | | amount for each student, which shall not exceed the smallest of
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20 | | the following amounts:
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21 | | (1) subject to appropriation, $5,468 for fiscal year |
22 | | 2009, $5,968 for fiscal year 2010, and $6,468 for fiscal |
23 | | year 2011 and each fiscal year thereafter, or such lesser |
24 | | amount as
the Commission finds to be available, during an |
25 | | academic year;
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26 | | (2) the amount which equals 2 semesters or 3 quarters |
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1 | | tuition
and other necessary fees required generally by the |
2 | | institution of all
full-time undergraduate students; or
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3 | | (3) such amount as the Commission finds to be |
4 | | appropriate in view of
the applicant's financial |
5 | | resources.
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6 | | Subject to appropriation, the maximum grant amount for |
7 | | students not subject to subdivision (1) of this subsection (c) |
8 | | must be increased by the same percentage as any increase made |
9 | | by law to the maximum grant amount under subdivision (1) of |
10 | | this subsection (c). |
11 | | "Tuition and other necessary fees" as used in this Section |
12 | | include the
customary charge for instruction and use of |
13 | | facilities in general, and the
additional fixed fees charged |
14 | | for specified purposes, which are required
generally of |
15 | | nongrant recipients for each academic period for which the |
16 | | grant
applicant actually enrolls, but do not include fees |
17 | | payable only once or
breakage fees and other contingent |
18 | | deposits which are refundable in whole or in
part. The |
19 | | Commission may prescribe, by rule not inconsistent with this
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20 | | Section, detailed provisions concerning the computation of |
21 | | tuition and other
necessary fees.
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22 | | (d) No applicant, including those presently receiving |
23 | | scholarship
assistance under this Act, is eligible for monetary |
24 | | award program
consideration under this Act after receiving a |
25 | | baccalaureate degree or
the equivalent of 135 semester credit |
26 | | hours of award payments.
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1 | | (e) The Commission, in determining the number of grants to |
2 | | be offered,
shall take into consideration past experience with |
3 | | the rate of grant funds
unclaimed by recipients. The Commission |
4 | | shall notify applicants that grant
assistance is contingent |
5 | | upon the availability of appropriated funds.
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6 | | The Commission shall request that the Illinois Association |
7 | | of Student Financial Aid Administrators, or a committee |
8 | | designated by this association from among its membership, make |
9 | | recommendations on possible changes to how the Commission |
10 | | determines the number of grants to be offered and to whom they |
11 | | are offered. |
12 | | (f) The Commission may request appropriations for deposit |
13 | | into the
Monetary Award Program Reserve Fund. Monies deposited |
14 | | into the Monetary Award
Program Reserve Fund may be expended |
15 | | exclusively for one purpose: to make
Monetary Award Program |
16 | | grants to eligible students. Amounts on deposit in the
Monetary |
17 | | Award Program Reserve Fund may not exceed 2% of the current |
18 | | annual
State appropriation for the Monetary Award Program.
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19 | | The purpose of the Monetary Award Program Reserve Fund is |
20 | | to enable the
Commission each year to assure as many students |
21 | | as possible of their
eligibility for a Monetary Award Program |
22 | | grant and to do so before commencement
of the academic year. |
23 | | Moneys deposited in this Reserve Fund are intended to
enhance |
24 | | the Commission's management of the Monetary Award Program, |
25 | | minimizing
the necessity, magnitude, and frequency of |
26 | | adjusting award amounts and ensuring
that the annual Monetary |
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1 | | Award Program appropriation can be fully utilized.
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2 | | (g) The Commission shall determine the eligibility of and |
3 | | make grants to
applicants enrolled at qualified for-profit |
4 | | institutions in accordance with the
criteria set forth in this |
5 | | Section. The eligibility of applicants enrolled at
such |
6 | | for-profit institutions shall be limited as follows:
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7 | | (1) Beginning with the academic year 1997, only to |
8 | | eligible first-time
freshmen and
first-time transfer |
9 | | students who have attained an associate degree.
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10 | | (2) Beginning with the academic year 1998, only to |
11 | | eligible freshmen
students,
transfer students who have |
12 | | attained an associate degree, and students who
receive a |
13 | | grant under paragraph (1) for the academic year 1997 and |
14 | | whose grants
are being renewed for the academic year 1998.
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15 | | (3) Beginning with the academic year 1999, to all |
16 | | eligible students.
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17 | | (Source: P.A. 95-917, eff. 8-26-08 .)
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18 | | (110 ILCS 947/38)
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19 | | Sec. 38.
Monetary award
program accountability. |
20 | | (a) The Illinois Student Assistance Commission is directed
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21 | | to assess the educational persistence of monetary award program |
22 | | recipients. An
assessment under this Section shall include an |
23 | | analysis of such factors as
undergraduate educational goals, |
24 | | chosen field of study, retention rates, and
expected time to |
25 | | complete a degree. The assessment also shall include an
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1 | | analysis of the academic success of monetary award program |
2 | | recipients through a
review of measures that are typically |
3 | | associated with academic success, such as
grade point average, |
4 | | satisfactory academic progress, and credit hours earned.
Each |
5 | | analysis should take into consideration student class level, |
6 | | dependency
types, and the type of higher education institution |
7 | | at which each monetary
award
program recipient is enrolled. The |
8 | | Commission shall report its findings to the
General Assembly |
9 | | and the Board of Higher Education by February 1, 1999 and at
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10 | | least every 2 years thereafter.
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11 | | (b) To demonstrate the value of the monetary award program |
12 | | and determine where improvements could be made, institutions |
13 | | shall provide information concerning grant recipients to the |
14 | | Commission if requested, including without limitation the |
15 | | following: |
16 | | (1) Completion and graduation rates. |
17 | | (2) Courses attempted versus courses completed. |
18 | | (3) The number of remedial courses undertaken, the |
19 | | names of these courses, and the success rate of these |
20 | | courses. |
21 | | (4) Chosen fields of study. |
22 | | (5) The receipt of institutional financial aid, how |
23 | | much of that aid is merit-only aid, how much is need-based |
24 | | aid, and how this aid dovetails with State and federal |
25 | | financial aid. |
26 | | The Commission may consult with the Illinois Association of |
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1 | | Student Financial Aid Administrators to develop guidelines for |
2 | | the information to be provided under this subsection (b). |
3 | | Each year, the Commission shall compile the information |
4 | | provided under this subsection (b) in a report to be submitted |
5 | | to the General Assembly and the Governor. |
6 | | (Source: P.A. 90-486, eff. 8-17-97; 90-488, eff. 8-17-97.)".
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