HIGHER ED-MONETARY AWARD PROG

Amends the monetary award program provisions of the Higher Education Student Assistance Act. Provides that if a recipient of a monetary award program grant is not permitted to continue attending a higher education institution because he or she is not earning the minimum grades needed to continue to attend the institution, then that person may not receive a grant during the following academic year; provides for rulemaking. Requires the Illinois Student Assistance Commission to request that the Illinois Association of Student Financial Aid Administrators or a committee designated by this association from among its membership make recommendations on possible changes to how the Commission determines the number of grants to be offered and to whom they are offered. Requires institutions to provide specified information concerning grant recipients to the Commission, if requested, to demonstrate the value of the program and determine where improvements could be made; makes related changes.