Illinois General Assembly - Bill Status for HB5482

Amends the Higher Education Student Assistance Act. Provides that, notwithstanding any other law of this State to the contrary, effective on January 1, 2025, or as soon thereafter as is feasible, the Illinois Student Assistance Commission shall release from remaining repayment obligations any recipient of a scholarship, grant, or waiver that has been or may be converted to a student loan under a State program for which the Commission is responsible for collections. In provisions concerning the Minority Teachers of Illinois scholarship program, the Golden Apple Scholars of Illinois Program, special education teacher scholarships, the Optometric Education Scholarship Program, Post-Master of Social Work School Social Work Professional Educator License scholarships, and the iGROW Tech Scholarship Program, removes provisions concerning repaying funds received due to the specified failure of the recipient to fulfill scholarship, grant, or waiver obligations. In provisions concerning special education teacher scholarships and Post-Master of Social Work School Social Work Professional Educator License scholarships, provides that a recipient shall sign an agreement that the recipient will meet specified qualifications and provide evidence to the Commission that the recipient is fulfilling or fulfilled the terms of the agreement (instead of specifying that an applicant shall meet the specified qualifications) Amends the Nursing Education Scholarship Law to make similar changes.

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