SB3511 Summary

• Amends Section 5 of the Higher Education Student Assistance Act (110 ILCS 947/5) to make a technical change to the Act's purpose statement.

• Changes the opening language of the purpose section from "The General Assembly finds and declares" to "The General Assembly finds and declares" (minor grammatical correction).

• Reaffirms the Act's purpose that providing higher education to qualified Illinois residents is important to state and national welfare and security.

• Directs the Commission to offer reasonable and affordable supplemental or alternative educational loans to students, with priority consideration given to students in need-based programs when market conditions permit.

• Encourages the Commission to develop prepaid college savings programs and work with employers to provide voluntary matching donations to employee savings.