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| 1 | AN ACT concerning education.
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| 2 | Be it enacted by the People of the State of Illinois,
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| 3 | represented in the General Assembly:
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| 4 | Section 5. The State Finance Act is amended by adding | ||||||||||||||||||||||||||
| 5 | Section 5.719 as follows: | ||||||||||||||||||||||||||
| 6 | (30 ILCS 105/5.719 new) | ||||||||||||||||||||||||||
| 7 | Sec. 5.719. The Early Graduation Scholarship Fund. | ||||||||||||||||||||||||||
| 8 | Section 10. The Higher Education Student Assistance Act is | ||||||||||||||||||||||||||
| 9 | amended by adding Section 65.85 as follows: | ||||||||||||||||||||||||||
| 10 | (110 ILCS 947/65.85 new) | ||||||||||||||||||||||||||
| 11 | (Section scheduled to be repealed on July 1, 2017) | ||||||||||||||||||||||||||
| 12 | Sec. 65.85. Early Graduation Scholarship Program. | ||||||||||||||||||||||||||
| 13 | (a) There is created the Early Graduation Scholarship | ||||||||||||||||||||||||||
| 14 | Program. Each school district that provides instruction in | ||||||||||||||||||||||||||
| 15 | grades 9 through 12 in this State shall participate in and | ||||||||||||||||||||||||||
| 16 | promote to students the Early Graduation Scholarship Program. | ||||||||||||||||||||||||||
| 17 | (b) The Commission shall develop application forms, | ||||||||||||||||||||||||||
| 18 | procedures, and deadlines to implement and administer the Early | ||||||||||||||||||||||||||
| 19 | Graduation Scholarship Program on or before September 1, 2010, | ||||||||||||||||||||||||||
| 20 | in conjunction with the State Board of Education, and shall | ||||||||||||||||||||||||||
| 21 | select eligible students each year for participation in the | ||||||||||||||||||||||||||
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| 1 | Early Graduation Scholarship Program. The school district that | ||||||
| 2 | the student attends shall notify the State Board of Education | ||||||
| 3 | and the Commission if the student graduates at least one | ||||||
| 4 | semester before the student's scheduled graduation date. | ||||||
| 5 | (c) Participating full-time students who graduate from | ||||||
| 6 | public high school at least one year early shall receive a | ||||||
| 7 | scholarship in an amount not to exceed two-thirds of the | ||||||
| 8 | foundation level of support amount specified under subsection | ||||||
| 9 | (B) of Section 18-8.05 of the School Code or the actual cost of | ||||||
| 10 | tuition, books, and fees, whichever is less, in both the first | ||||||
| 11 | academic year of postsecondary instruction and the second | ||||||
| 12 | academic year of postsecondary instruction, to be used to pay | ||||||
| 13 | all or a portion of the tuition, books, and fees charged at a | ||||||
| 14 | qualified institution for a maximum of 2 academic years, which | ||||||
| 15 | must be completed within 36 months after the student's actual | ||||||
| 16 | graduation date from high school. The amount of a scholarship | ||||||
| 17 | grant awarded to a participating part-time student enrolled at | ||||||
| 18 | least half-time for the academic year shall be prorated in | ||||||
| 19 | accordance with the part-time status of the student. | ||||||
| 20 | Participating full-time students who graduate from public | ||||||
| 21 | high school one semester early shall receive a scholarship | ||||||
| 22 | grant in an amount not to exceed two-thirds of the foundation | ||||||
| 23 | level of support amount specified under subsection (B) of | ||||||
| 24 | Section 18-8.05 of the School Code divided by 2 or the actual | ||||||
| 25 | cost of tuition, books, and fees, whichever is less, in both | ||||||
| 26 | the first academic year of postsecondary instruction and the | ||||||
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| 1 | second academic year of postsecondary instruction, to be used | ||||||
| 2 | to pay all or a portion of the tuition, books, and fees charged | ||||||
| 3 | at a qualified institution for a maximum of 2 academic years, | ||||||
| 4 | which must be completed within 36 months after the student's | ||||||
| 5 | actual graduation date from high school. The amount of a | ||||||
| 6 | scholarship grant awarded to a participating part-time student | ||||||
| 7 | enrolled at least half-time for the academic year shall be | ||||||
| 8 | prorated in accordance with the part-time status of the | ||||||
| 9 | student. | ||||||
| 10 | (d) A student who provides satisfactory proof to the | ||||||
| 11 | Commission that the student has met all of the following | ||||||
| 12 | criteria is eligible to submit an application for consideration | ||||||
| 13 | for a scholarship under the Early Graduation Scholarship | ||||||
| 14 | Program: | ||||||
| 15 | (1) The student has graduated from a public high school | ||||||
| 16 | in this State at least one semester earlier than the | ||||||
| 17 | student's class is scheduled to graduate. | ||||||
| 18 | (2) The student has achieved a passing score on each | ||||||
| 19 | component of the Prairie State Achievement Examination | ||||||
| 20 | under Section 2-3.64 of the School Code. | ||||||
| 21 | (3) The student is currently a resident of this State | ||||||
| 22 | and has been a resident of this State for at least the past | ||||||
| 23 | 12 months. | ||||||
| 24 | (4) The student submits a statement from the qualified | ||||||
| 25 | institution that details the cost of tuition, books, and | ||||||
| 26 | fees for that student. | ||||||
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| 1 | (5) The student has completed and submitted a free | ||||||
| 2 | application for federal student aid. | ||||||
| 3 | (6) The student or the student's parent or legal | ||||||
| 4 | guardian signs a promissory note for reimbursement | ||||||
| 5 | pursuant to subsection (j) of this Section. | ||||||
| 6 | (e) The school district from which the student graduated | ||||||
| 7 | shall include the student who graduates early in the school | ||||||
| 8 | district's student count until the student's class is scheduled | ||||||
| 9 | to graduate and shall continue to receive per pupil funding | ||||||
| 10 | from the State under Section 18-8.05 of the School Code minus | ||||||
| 11 | an amount equal to two-thirds of that per pupil funding for a | ||||||
| 12 | student who graduates at least one year early or minus an | ||||||
| 13 | amount equal to two-thirds of that per pupil funding divided by | ||||||
| 14 | 2 for a student who graduates one semester early, whichever is | ||||||
| 15 | applicable, until the student's class is scheduled to graduate. | ||||||
| 16 | The school district shall place the per pupil funding received | ||||||
| 17 | in the school district's maintenance and operations fund. | ||||||
| 18 | (f) The State Board of Education shall deposit an amount | ||||||
| 19 | equal to two-thirds of the per pupil funding under subsection | ||||||
| 20 | (e) of this Section for a student who graduates at least one | ||||||
| 21 | year early or an amount equal to two-thirds of the per pupil | ||||||
| 22 | funding under subsection (e) of this Section divided by 2 for a | ||||||
| 23 | student who graduates one semester early, whichever is | ||||||
| 24 | applicable, into the Early Graduation Scholarship Fund | ||||||
| 25 | established by this Section. | ||||||
| 26 | (g) The Commission shall make scholarship awards from funds | ||||||
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| 1 | appropriated from the Early Graduation Scholarship Fund for the | ||||||
| 2 | payment of tuition, books, and fees at qualified institutions | ||||||
| 3 | to students who are selected to participate in the Early | ||||||
| 4 | Graduation Scholarship Program upon verification of admission, | ||||||
| 5 | enrollment, and certification of the cost of each student's | ||||||
| 6 | tuition and fees by the qualified institutions. | ||||||
| 7 | (h) If the amount of money available for scholarships under | ||||||
| 8 | this Section in any fiscal year is insufficient to provide | ||||||
| 9 | scholarships to all eligible applicants, the Commission shall | ||||||
| 10 | award scholarships to eligible students in the order in which | ||||||
| 11 | the applications were received by the Commission, except that | ||||||
| 12 | priority shall be given to eligible students who received a | ||||||
| 13 | scholarship in the previous fiscal year and who are still in | ||||||
| 14 | good academic standing at the same qualified institution or who | ||||||
| 15 | transferred to a different qualified institution but remain in | ||||||
| 16 | good academic standing at the previous qualified institution. | ||||||
| 17 | The Commission shall maintain a waiting list for all other | ||||||
| 18 | applicants. | ||||||
| 19 | (i) A qualified institution shall notify the Commission if | ||||||
| 20 | a student who has received a scholarship under this Section is | ||||||
| 21 | no longer in good academic standing at the qualified | ||||||
| 22 | institution or is no longer enrolled at the qualified | ||||||
| 23 | institution. | ||||||
| 24 | (j) Not later than 36 months after the student's actual | ||||||
| 25 | graduation date from high school, the student or the qualified | ||||||
| 26 | institution, whichever is applicable, shall reimburse the | ||||||
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| 1 | Early Graduation Scholarship Fund for any scholarship amount | ||||||
| 2 | received pursuant to subsection (c) of this Section if the | ||||||
| 3 | student is no longer in good academic standing at the qualified | ||||||
| 4 | institution or is no longer enrolled at the qualified | ||||||
| 5 | institution. The Commission may waive the reimbursement | ||||||
| 6 | requirements of this subsection (j) for good cause shown. A | ||||||
| 7 | student shall provide proof that the student completed the | ||||||
| 8 | first year in good academic standing from the qualified | ||||||
| 9 | institution to the Commission before receiving money for the | ||||||
| 10 | second year from the Early Graduation Scholarship Fund. | ||||||
| 11 | (k) A student who receives a scholarship under this Section | ||||||
| 12 | shall be allowed, at no additional cost except for fees charged | ||||||
| 13 | to all students, to both: | ||||||
| 14 | (1) participate in extracurricular activities in | ||||||
| 15 | accordance with Illinois High School Association rules | ||||||
| 16 | until the student's high school class is scheduled to | ||||||
| 17 | graduate; and | ||||||
| 18 | (2) participate in the student's high school class | ||||||
| 19 | graduation ceremonies. | ||||||
| 20 | (l) The Early Graduation Scholarship Fund is created as a | ||||||
| 21 | special fund in the State treasury. The Fund shall consist of | ||||||
| 22 | money deposited pursuant to subsection (f) of this Section and | ||||||
| 23 | all repayments that are received pursuant to subsection (j) of | ||||||
| 24 | this Section. All money in the Fund shall be used, subject to | ||||||
| 25 | appropriation, by the Commission for the purposes of this | ||||||
| 26 | Section, including using up to 5% of the money in the Fund for | ||||||
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| 1 | administrative costs and hiring up to 2 full-time equivalent | ||||||
| 2 | positions for the implementation and administration of the | ||||||
| 3 | Early Graduation Scholarship Program. | ||||||
| 4 | (m) The Commission shall submit an annual report by | ||||||
| 5 | December 1 to the Governor, the General Assembly, and the | ||||||
| 6 | Secretary of State. The report shall contain at least the | ||||||
| 7 | following: | ||||||
| 8 | (1) The number of students who graduated at least one | ||||||
| 9 | year early and the number of students who graduated at | ||||||
| 10 | least one semester early for each year of implementation of | ||||||
| 11 | the Early Graduation Scholarship Program, by school | ||||||
| 12 | district. | ||||||
| 13 | (2) The number of scholarships provided pursuant to | ||||||
| 14 | this Section. | ||||||
| 15 | (3) The average amount per scholarship provided | ||||||
| 16 | pursuant to this Section. | ||||||
| 17 | (4) The balance in the Early Graduation Scholarship | ||||||
| 18 | Fund. | ||||||
| 19 | (5) The number of students using a scholarship to | ||||||
| 20 | attend a qualified institution. | ||||||
| 21 | (6) A description of how the Commission expended money | ||||||
| 22 | for administrative costs of the Early Graduation | ||||||
| 23 | Scholarship Program pursuant to subsection (l) of this | ||||||
| 24 | Section. | ||||||
| 25 | (n) This Section is repealed on July 1, 2017.
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