Bill > SB2595

This bill provides detailed appropriations for the Illinois Student Assistance Commission (ISAC) for the fiscal year beginning July 1, 2025, allocating funds from various sources to support a wide range of educational assistance programs. The bill includes appropriations for operational expenses, student grants, and specialized scholarship and loan repayment programs. Key allocations include $296,566,200 from the General Revenue Fund for the Monetary Award Program (MAP), which provides financial aid to eligible students; $425,000,000 from the Education Assistance Fund for additional MAP grants; $50,000,000 for the AIM HIGH program to support grants to public universities; $6,000,000 for Veterans' and National Guard Grants; and various other targeted programs such as Social Worker Scholarships, loan repayment assistance for healthcare providers, and scholarships for children of first responders. The bill also provides funding for administrative costs, including $13,538,600 for personal services and associated state contributions. Additional specialized funds support programs like the Golden Apple Scholars, Minority Teacher Scholarships, and scholarships for specific professional fields such as optometry and nursing. The appropriations come from multiple funding sources including the General Revenue Fund, Education Assistance Fund, federal funds, and specialized state funds, demonstrating a comprehensive approach to supporting higher education and professional development in Illinois.

https://www.ilga.gov/legislation/BillStatus.asp?DocNum=2595&GAID=18&DocTypeID=SB&SessionID=114&GA=104