Senate Sponsors: CRONIN-PHILIP-LAUZEN-FARLEY-GARCIA, GEO-KARIS AND VIVERITO. House Sponsors: DANIELS-LOPEZ-MCAULIFFE-ERWIN-BIGGINS 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). Also includes, within the definition of an institution of higher learning at which monetary award program grants may be used, a for-profit organization that meets specified degree and accreditation criteria in addition to other requirements that are applicable to public and private, not-for-profit institutions. Establishes a priority order to be followed in making grants, beginning in academic year 1997, to students at the for-profit organization. Effective July 1, 1997. SENATE AMENDMENT NO. 1. Provides that the first-time freshmen and transfer students of qualified for-profit institutions who receive grants and those students whose grants are to be renewed must be otherwise "eligible". Deletes provisions requiring the Commission to adopt rules to provide for the prioritization of such grants. Last action on Bill: PUBLIC ACT.............................. 90-0122 Last action date: 97-07-17 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 1 END OF INQUIRY Full Text Bill Status