HB3557 Summary

• Requires all Illinois public universities and community colleges to provide students with clear financial aid award letters beginning in the 2020-2021 academic year.

• Award letters must include a detailed breakdown showing the amount of financial aid from each source, including scholarships from the institution, private scholarships, and federal grants.

• Applies to the University of Illinois, Southern Illinois University, Chicago State University, Eastern Illinois University, Governors State University, Illinois State University, Northeastern Illinois University, Western Illinois University, and all public community colleges.

• Requirement takes effect at the beginning of each academic year or semester for students who qualify for financial aid or assistance.