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IL HB5463

IL HB5463
SOCIAL WORK/SCH COUNSEL LOAN


summary

Introduced
02/06/2026
In Committee
02/13/2026
Crossed Over
Passed
Dead

Introduced Session

104th General Assembly

Bill Summary

Amends the Higher Education Student Assistance Act. Changes the name of the School and Municipal Social Work Shortage Loan Repayment Program to the Social Worker and School Counselor Shortage Loan Repayment Program. Allows a school counselor to apply for the Program. Provides that the Illinois Student Assistance Commission shall award a grant of up to $8,000 (rather than $6,500) per year for a maximum of 4 years to each qualified applicant. Provides that a grant shall be used for repayment of the recipient's educational loan instead of the Commission encouraging the recipient to use the grant to repay the recipient's educational loan. Makes other and conforming changes. Effective July 1, 2026.

AI Summary

This bill amends the Higher Education Student Assistance Act to rename the School and Municipal Social Work Shortage Loan Repayment Program to the Social Worker and School Counselor Shortage Loan Repayment Program, and it expands eligibility to include school counselors. The Illinois Student Assistance Commission (ISAC) will now award grants of up to $8,000 per year for a maximum of four years to qualified applicants, and these grants must be used for educational loan repayment, rather than merely encouraged for that purpose. The bill also makes conforming changes and takes effect on July 1, 2026.

Sponsors (1)

Last Action

Referred to Rules Committee (on 02/13/2026)

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