IL SB2536

Allows Illinois Veteran grants to be transferred to qualified dependents (spouses or children) beginning with the 2021-2022 academic year if the veteran or spouse/parent has served at least 8 years combined federal active duty or Reserve/Individual Ready Reserve service.

Defines "qualified dependent" as a spouse or natural born/legally adopted child of a U.S. Armed Forces veteran who has earned a high school diploma, is under 26 years old (unless granted extension), meets the institution's GPA requirements, and is an Illinois resident during enrollment.

Allows transfer of benefits only if the veteran has no federal veterans' educational benefits or such benefits do not exceed the value of the Illinois grant for that term.

Permits dependents of veterans killed in action, rated 90%-100% service-connected disabled, unemployable due to total disability, or who died from service-related injury to receive a minimum 120 credit hour grant transfer.

Specifies veterans cannot use benefits simultaneously with transferred dependents, may revoke transfers at any time, and may transfer to multiple dependents but only one at a time with a maximum 120 total credit hour limit.