Senate Sponsors: WATSON. House Sponsors: LOPEZ-ERWIN Short description: ISAC-INCREASE MONETARY AWARDS Synopsis of Bill as introduced: Amends the Higher Education Student Assistance Act. Increases the maximum monetary award program grant for full-time undergraduate students to $4,120 (from $4,000) and for part-time undergraduate students to $2,060 (from $2,000). Effective July 1, 1997. STATE DEBT IMPACT NOTE, ENGROSSED No impact on the level of State debt. HOUSE AMENDMENT NO. 1. Deletes reference to: 110 ILCS 947/35 Adds reference to: 820 ILCS 405/1900 from Ch. 48, par. 640 Changes the title, deletes everything after the enacting clause, and adds provisions amending the Unemployment Insurance Act. Replaces a reference to the "State Scholarship Commission" with a reference to the "Illinois Student Assistance Commission". In provisions requiring the Department of Employment Security to make available to the Illi- nois Student Assistance Commission information that may be necessary or useful in the collection of defaulted or delinquent student loans, deletes language limiting the information to the names and addresses of a borrower's employers. Adds an immediate effective date. HOUSE AMENDMENT NO. 2. Adds reference to: 225 ILCS 455/18.4 new 225 ILCS 455/36.11a new Adds provisions amending the Real Estate License Act of 1983. Authorizes the Commissioner of Banks and Real Estate to deny issuance or renewal of a license or certificate and, after opportunity for hearing, to suspend or revoke a license or certificate of persons subject to that Act who default on an educational loan or scholarship provided or guaranteed by the Illinois Student Assistance Commission and who have not established a satisfactory repayment record. HOUSE AMENDMENT NO. 3. Adds reference to: 110 ILCS 947/38 new Adds provisions amending the Higher Education Student Assistance Act. Requires the Illinois Student Assistance Commission to assess the educational persistence and academic success of monetary award program recipients. Provides that an assessment is to include an analysis of such factors as undergraduate educational goals, chosen field of study, retention rates, expected time to complete a degree, grade point average, academic progress, and credit hours earned. Provides that each analysis should consider student class level, dependency types, and type of higher education institution attended. Requires the Commission to report its findings to the General Assembly and Board of Higher Education by February 1, 1999 and at least every 2 years thereafter. FISCAL NOTE, H-AM'S 1-3 (Ill. Student Assistance Comm.) SB 763, amended by H-am's 1-3 have no discernable fiscal impact on state revenues. STATE MANDATES FISCAL NOTE, AMENDED (Community College Bd.) SB 763 creates no state mandate and has no fiscal impact. FISCAL NOTE, AMENDED (Ill. Community College Bd.) SB 763 has no fiscal impact. Last action on Bill: PUBLIC ACT.............................. 90-0488 Last action date: 97-08-17 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 3 SENATE - 0 END OF INQUIRY Full Text Bill Status