HIGHER ED-IL PROMISE GRANTS

Amends various Acts relating to the governance of public universities in Illinois. Requires the governing board of each public university to implement the Illinois College Promise program to provide grant assistance to those students who satisfy the eligibility requirements of the program. Provides that to be eligible for grant assistance, a student must: (i) be a resident of Illinois, and his or her parents must be residents of Illinois, (ii) have attended and graduated from an Illinois high school, (iii) be under 24 years of age and admitted as a new freshman or new transfer student, (iv) have an expected family contribution as determined through FAFSA that equals $0, (v) have total family assets that are less than $50,000, and (vi) be enrolled in at least 12 semester hours during the fall or spring semester. Provides that grant assistance is available for up to 4 years of attendance. Requires the grant recipient to maintain Illinois residency and satisfactory academic progress, and to work at least 10 to 12 hours a week as part of the promise program.