HIGHER ED REVOLVING LOAN PROG
Summary
Amends the Higher Education Student Assistance Act and the State Finance Act. Requires the Illinois Student Assistance Commission to implement and administer a higher education revolving loan program to provide nominal interest loans for the costs of attending a public or private institution of higher education in this State. Provides that the loans must be made to high performance students and may not exceed $10,000 per person per academic year. Contains provisions concerning repayment. Creates the Higher Education Revolving Loan Fund as a special fund in the State treasury. Effective July 1, 2007.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2007
Committee Review
Floor Vote
Governor
Introduced Feb 9, 2007
Last action Jan 13, 2009
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
28
Key actions
0
Committee
6
Amendments
8
Jan 13, 2009
Senate · Failed
Session Sine Die
Dec 3, 2007
Senate · Referred to committee
Pursuant to Senate Rule 3-9(b) / Referred to Rules
May 10, 2007
Senate · Amendment adopted
Senate Floor Amendment No. 2 Adopted; Sandoval
Apr 26, 2007
Senate · Amendment offered
Senate Floor Amendment No. 2 Recommend Do Adopt Higher Education; 006-000-002
Apr 25, 2007
Senate · Amendment offered
Senate Floor Amendment No. 2 Rules Refers to Higher Education
Apr 19, 2007
Senate · Referred to committee
Senate Floor Amendment No. 2 Referred to Rules
Apr 19, 2007
Senate · Amendment offered
Senate Floor Amendment No. 2 Filed with Secretary by Sen. Martin A. Sandoval
Mar 27, 2007
Senate · Amendment adopted
Senate Floor Amendment No. 1 Adopted; Sandoval
Mar 22, 2007
Senate · Amendment offered
Senate Floor Amendment No. 1 Recommend Do Adopt Higher Education; 006-002-000
Mar 21, 2007
Senate · Amendment offered
Senate Floor Amendment No. 1 Rules Refers to Higher Education
Mar 20, 2007
Senate · Referred to committee
Senate Floor Amendment No. 1 Referred to Rules
Mar 20, 2007
Senate · Amendment offered
Senate Floor Amendment No. 1 Filed with Secretary by Sen. Martin A. Sandoval
Mar 8, 2007
Senate · Reported by committee
Do Pass Higher Education; 007-004-000
Feb 21, 2007
Senate · Referred to committee
Assigned to Higher Education
Feb 9, 2007
Senate · Referred to committee
Referred to Rules
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Martin A. Sandoval
DDemocratic
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