OPPORTUNITY SCHOLARSHIPS

Creates the Opportunity Scholarship Act. Establishes the Opportunity Scholarship Program. Provides that the Executive Director of the Illinois Student Assistance Commission shall oversee the creation, operation, effectiveness, and adjustment of the scholarship program. Provides that a student is eligible for a scholarship if he or she has graduated from high school with a cumulative average grade of a "B" or greater, has received a composite score on the ACT of at least 24 or a combined verbal and mathematics score on the SAT of at least 1070, has completed a certain number of high school courses in specified subjects, and attends a participating university, college, or technical school. Provides for other initial eligibility requirements, course load, persistence, and grade point requirements for continuing eligibility, treatment of special enrollments, transfer among participating institutions, equivalencies, grievance procedures, and institutional agreements. Effective July 1, 2005.