Bill Status of SB2183 94th General Assembly
Short Description: HIGHER ED REVOLVING LOAN PROG
Sen. Martin A. Sandoval
| 1/9/2007||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Higher Education Student Assistance Act and the State Finance Act. Requires the Illinois Student Assistance Commission to implement and administer a higher education revolving loan program to provide nominal interest loans for the costs of attending a public or private institution of higher education in this State. Provides that the loans must be made to high performance students and may not exceed $10,000 per person per academic year. Contains provisions concerning repayment. Creates the Higher Education Revolving Loan Fund as a special fund in the State treasury. Effective July 1, 2006.
|Date||Chamber|| Action|| 1/11/2006||Senate||Filed with Secretary by Sen. Martin A. Sandoval|| 1/11/2006||Senate||First Reading|| 1/11/2006||Senate||Referred to Rules|| 1/9/2007||Senate||Session Sine Die|