(b) Subject to a separate appropriation made for purposes of awarding grants
under this Section, Illinois Incentive for Access grants shall be paid in
multiple disbursements as determined by the Commission (i) in an amount not
exceed $1,000 per applicant per year
for applicants with an expected family contribution of $0, as defined by
current federal student aid methodology, and (ii) in an amount not to
exceed $500 for applicants with an expected family contribution of $500
or less but more than $0, as defined by current federal student aid
methodology. In awarding grants, the Commission shall give priority to
applicants with an expected family contribution of $0. No recipient may
this Section for
more than 2 semesters or 3 quarters of award payments.
(c) Eligibility for grants awarded
under this Section shall be determined solely on the basis of the financial
resources of the applicant and the applicant's family. Cost of attendance at
the institution in which the applicant is enrolled shall not affect eligibility
for an award, except that State student financial assistance awarded under
this Act, including the Illinois Incentive for Access award, may not exceed the
institution's cost of attendance.
(d) The Commission shall notify applicants that grant assistance is
contingent upon availability of appropriated funds.
(e) The Commission shall submit a written evaluation of the Illinois
Incentive for Access program to the Governor, the General Assembly, and the
Board of Higher Education on or before October 1, 1999, including a report of
the progress made toward the goal of increasing the access and retention
rates for Illinois Incentive for Access grant recipients.
(Source: P.A. 93-455, eff. 7-1-04