Bill Amendment: IL HB5491 | 2025-2026 | 104th General Assembly

NOTE: For additional amemendments please see the Bill Drafting List

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Bill Title: EDUC-QLFD COMMUNITY FOUNDATION

Status: 2026-06-01 - Rule 3-9(a) / Re-referred to Assignments [HB5491 Detail]

Download: Illinois-2025-HB5491-Senate_Amendment_001.html

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Sen. Don Harmon

Filed: 5/13/2026

 

 

 

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AMENDMENT TO HOUSE BILL 5491
AMENDMENT NO. ______. Amend House Bill 5491 by replacing
everything after the enacting clause with the following:
"Section 5. The Higher Education Student Assistance Act is
amended by changing Section 5 as follows:
(110 ILCS 947/5)
Sec. 5. Purpose. The The General Assembly finds and
declares that (1) the provision of a higher education for all
residents of this State who desire a higher education and are
properly qualified therefor is important to the welfare and
security of this State and Nation and, consequently, is an
important public purpose, and (2) many qualified students are
deterred by financial considerations from completing their
education, with a consequent irreparable loss to the State and
Nation of talents vital to welfare and security. The number of
qualified persons who desire a higher education is increasing

10400HB5491sam001 - 2 - LRB104 20667 LNS 37741 a
rapidly, and the physical facilities, faculties, and staffs of
the institutions of higher learning operated by, within and
for the residents of the State will have to be expanded greatly
to accommodate those persons, with an attendant sharp increase
in the cost of educating them. A system of financial
assistance of scholarships, grants, and loans for qualified
residents of college age will enable them to attend qualified
institutions of their choice in the State, public or private.
The adoption of new federal student loan legislation
necessitates that the State update and broaden its system of
financial student assistance.
As market conditions permit, the Commission is
specifically encouraged to offer reasonable and affordable
supplemental or alternative educational loans to students who
seek to obtain these loans. As part of these alternative or
supplemental direct lending initiatives, the Commission may
give priority consideration to students assisted by the
Commission's need-based programs.
The system of financial assistance provided under this Act
includes prepaid programs for college savings, and the
Commission is specifically encouraged to enlist employers in
providing voluntary matching donations to the amount that
their employees save through these prepaid programs.
(Source: P.A. 96-198, eff. 8-10-09.)".