IL HB1341

Amends the Higher Education Student Assistance Act by modifying Section 10 (Definitions) to clarify eligibility of for-profit educational institutions under the Act.

For-profit organizations qualify as "institutions of higher learning" if they have degree programs approved by the Board of Higher Education for a minimum of 3 years, enroll a majority of students in those programs, and maintain accreditation with the North Central Association of Colleges and Schools.

Specifies that for-profit educational organizations with multiple campuses are considered located in Illinois if any campuses are physically located in the State, but only students at in-state campuses are eligible for assistance.

Excludes academic programs for incarcerated students from the definition of "qualified institution."

Defines full-time students as those enrolled in 12 or more semester/quarter hours and part-time students as those enrolled in 6 or more hours; allows the Commission to expand part-time definition to include students with fewer than 6 credit hours on a program-by-program basis.