SB 3452

  • Illinois Senate Bill
  • 98th Regular Session
  • Introduced in Senate
  • Senate
  • House
  • Governor

Higher Ed-Pay Forward Pay Back

Abstract

Amends the Board of Higher Education Act. Requires the Board of Higher Education to create a pilot program called Pay Forward, Pay Back to replace the current system of charging students tuition and fees for enrollment at public institutions of higher education. Requires the Board to identify one or more public institutions of higher education to participate in the pilot program. Provides that the pilot program shall (1) allow students to enroll in an institution without paying tuition or fees; (2) provide that, in lieu of paying tuition or fees, students must sign binding contracts to pay to the State of Illinois or the institution a certain percentage of the student's annual adjusted gross income upon graduation from the institution for a specified number of years; (3) specify the number of years and the percentage of annual adjusted gross income for contracts at each participating institution and base the specifications on research to date; and (4) establish an immediate funding source for the first 15 to 20 years of the pilot program and include the establishment of a revolving fund to deposit payments made under the pilot program. Allows the pilot program to vary by institution depending on certain factors and requires the Board to submit reports to the General Assembly.

Bill Sponsors (1)

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Actions


Jan 13, 2015

Senate

Session Sine Die

Mar 28, 2014

Senate

Rule 3-9(a) / Re-referred to Assignments

Mar 05, 2014

Senate

Assigned to Higher Education

Feb 14, 2014

Senate

Filed with Secretary by Sen. Michael W. Frerichs

Senate

First Reading

Senate

Referred to Assignments

Bill Text

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