Illinois Senate Bill 93

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 20 2023 - 25% progression
Action: 2024-03-15 - Rule 3-9(a) / Re-referred to Assignments
Pending: Senate Assignments Committee
Text: Latest bill text (Introduced) [HTML]

Amends the Higher Education Student Assistance Act. With regard to the Monetary Award Program, provides that, in addition to other eligibility requirements for applicants of the grant program enrolled at a qualified for-profit institution, the following shall apply to the qualified for-profit institution in which the applicant is enrolled: (i) beginning with the 2023-2024 academic year, a qualified for-profit institution may not exceed a 15% national 3-year student loan cohort default rate, as published by the U.S. Department of Education, and (ii) beginning with the 2024-2025 academic year, a qualified for-profit institution must maintain an 80% student success rate; defines "student success rate". Provides that a for-profit institution's failure to meet those eligibility requirements shall result in a probationary academic year during which the institution is required to notify all current and prospective students eligible for Monetary Award Program grants of the student's possibility of losing that eligibility. Provides that if the institution fails to meet the for-profit institution eligibility requirements for 2 consecutive academic years, an applicant enrolled at the institution must lose Monetary Award Program grant eligibility and for a student to regain Monetary Award Program grant eligibility at that institution, the institution must meet the for-profit institution eligibility requirements for at least 2 consecutive academic years. Effective immediately.

HIGHER ED-MONETARY AWARD PROG

Sen. Jil Tracy [R]

Date	Chamber	Action
2024-03-15	Senate	Rule 3-9(a) / Re-referred to Assignments
2024-01-10	Senate	Re-assigned to Higher Education
2023-03-10	Senate	Rule 3-9(a) / Re-referred to Assignments
2023-01-31	Senate	Assigned to Higher Education
2023-01-20	Senate	Referred to Assignments
2023-01-20	Senate	First Reading
2023-01-20	Senate	Filed with Secretary by Sen. Jil Tracy

Chapter	Article	Section	Citation Type	Statute Text
110	947	35	Amended Code	Citation Text

Type	Source
Summary	https://www.ilga.gov/legislation/BillStatus.asp?DocNum=93&GAID=17&DocTypeID=SB&SessionID=112&GA=103
Text	https://www.ilga.gov/legislation/103/SB/10300SB0093.htm