Bill > HB5696

This bill appropriates funds for the ordinary and contingent expenses of the Illinois Student Assistance Commission (ISAC) for the fiscal year beginning July 1, 2026, totaling $926,242,700, with $832,071,600 from General Funds, $28,530,000 from Other State Funds, and $65,641,100 from Federal Funds. Specifically, it allocates funds for ISAC's operational expenses, outreach, research, and training activities, as well as significant amounts for student grant awards through the Monetary Award Program (MAP), which is a state-funded grant program for eligible Illinois students. The bill also designates funds for various scholarship and loan repayment programs, including the AIM HIGH program for public universities, Illinois Veterans' Grants, Illinois National Guard Grants, Social Worker Scholarships, the Prepare for Illinois' Future Program, the Veterans' Home Medical Providers' Loan Repayment Program, grants for eligible nurse educators, scholarships for children of fallen first responders and correctional officers, the Teachers of Illinois Scholarship Program, the Golden Apple Scholars of Illinois program, the Loan Repayment for Teachers Program, costs associated with collecting delinquent scholarship awards, grants for the Higher Education License Plate Program, the Community Behavioral Health Care Provider Loan Repayment Program, scholarships for the Optometric Education Scholarship Program, Illinois National Guard and Naval Militia Scholarships, the Golden Apple Scholars of Illinois Program, various operational expenses from the Student Loan Operating Fund including refunds, costs for the Illinois Designated Account Purchase Program, repayment funds for the Paul Douglas Teacher Scholarship Program, federal grant funds for college access and training programs like GEAR UP, the John R. Justice Student Loan Repayment Program, expenses for the Nursing Education Scholarship Law, grants for the Energy Transition Act, scholarships for the United Negro College Fund program, funding for the Illinois DREAM Fund, and the Human Services Loan Repayment program.

https://www.ilga.gov/Legislation/BillStatus?DocNum=5696&GAID=18&DocTypeID=HB&SessionID=114&GA=104