92nd General Assembly
Summary of HB6031
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House Sponsors:

Short description: 
LOAN REPAYMENT FOR TEACHERS                                                

Synopsis of Bill as introduced:
        Amends the Higher Education Student Assistance  Act.  Establishes      
   the  Ryan  Loan  Repayment  for  Teachers  Program, which requires the      
   Illinois Student Assistance  Commission  to  award  a  grant  to  each      
   qualified  applicant  in  an amount equal to the amount of educational      
   loans forgiven on  behalf  of  the  qualified  applicant  pursuant  to      
   federal  programs  of  loan  forgiveness  for  teachers and child care      
   providers. Effective July 1, 2003.                                          
        HOUSE AMENDMENT NO. 1.                                                 
        Deletes everything  after  the  enacting  clause.  Reinserts  the      
   contents  of the bill with the following changes.  Changes the name of      
   the program to the George H. Ryan Loan Repayment for Teachers Program.      
   Provides that the maximum amount of a grant  is  $5,000.  Requires  an      
   applicant  to have fulfilled the obligations set forth by Sections 424      
   and 425 of Title IV of the Higher Education Amendments of 1998 in this      
   State in order to qualify. Effective July 1, 2003.                          
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   1     SENATE -   0


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