IL HB2899

Restricts Monetary Award Program (MAP) grant eligibility for for-profit institutions to students who received grants at such institutions during the 2022-2023 academic year, effectively ending new enrollment eligibility beginning in 2023-2024.

Credits earned during the 2023-2024 academic year at for-profit institutions do not count toward the 135 semester credit-hour maximum limitation for MAP grants.

Requires institutions that received MAP funds while using unfair or deceptive practices (as defined by the Federal Trade Commission) to refund State funds to the Illinois Student Assistance Commission after a judgment is rendered against them.

Establishes the MAP Refund Fund as a special state treasury fund to collect refunded State grant money, which shall be used to award grants to students who attended institutions during periods when those institutions had unfair or deceptive practice judgments against them.

Adds fair and equitable reimbursement requirements to the Private Business and Vocational Schools Act approval criteria for institutions receiving MAP funds.