Bill Text: IL HB2098 | 2021-2022 | 102nd General Assembly | Introduced

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Bill Title: Amends the Illinois Prepaid Tuition Act. Makes a technical change in a Section concerning the Act's purpose.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2021-04-23 - Rule 19(a) / Re-referred to Rules Committee [HB2098 Detail]

Download: Illinois-2021-HB2098-Introduced.html

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102ND GENERAL ASSEMBLY State of Illinois 2021 and 2022 HB2098 Introduced , by Rep. Jim Durkin SYNOPSIS AS INTRODUCED:
110 ILCS 979/5
Amends the Illinois Prepaid Tuition Act. Makes a technical change in a Section concerning the Act's purpose.
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A BILL FOR
HB2098 LRB102 12318 CMG 17655 b
AN ACT concerning education.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Illinois Prepaid Tuition Act is amended by
changing Section 5 as follows:
(110 ILCS 979/5)
Sec. 5. Purpose. The The General Assembly finds and
declares that the general welfare and security of the State
are enhanced by access to higher education for all residents
of the State who desire that education and who demonstrate the
qualifications necessary to pursue that education.
Furthermore, it is desirable that residents of the State who
seek to pursue higher education be able to choose attendance
at the higher education institution that offers programs and
services most suitable to their needs. Accordingly, endeavors
that serve the higher education needs of the people of the
State represent an essential function of State government.
During the past decade, students have been paying more and
borrowing more to finance the increasing cost of higher
education at Illinois colleges and universities as well as at
similar institutions nationwide. Federal and state
governments' capacity to fund college scholarships and grants
cannot fully meet the current and future demand for higher

HB2098 - 2 - LRB102 12318 CMG 17655 b
education nor is it reasonable to expect that paying for
college is solely a governmental responsibility. It is -- and
has always been -- a shared responsibility among the student,
the family, State government, and the federal government.
Consequently, the intent of this Act is to both encourage and
better enable Illinois families to help themselves finance the
cost of higher education, specifically through a program that
provides Illinois families with a method of State tax-free and
federally tax-exempt savings for higher education.
(Source: P.A. 95-217, eff. 8-16-07.)