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| 1 | | (3) Research suggests that as loan amounts increase, |
| 2 | | versus grants-in-aid, the probability of college |
| 3 | | attendance decreases. |
| 4 | | (4) There is further research indicating socioeconomic |
| 5 | | status may affect the willingness of students to use loans |
| 6 | | to attend college. |
| 7 | | (5) Strategic use of tuition discounting waivers will |
| 8 | | decrease the amount of loans that students must use to pay |
| 9 | | for tuition. |
| 10 | | (6) A modest, individually tailored tuition discount |
| 11 | | waiver can make the difference in choosing to attend |
| 12 | | college and would enhance college access for low (up to |
| 13 | | 150% of the federal poverty level) and middle income (151% |
| 14 | | to 300% of the federal poverty level) families. |
| 15 | | (7) Even if the federally calculated financial need for |
| 16 | | college attendance is met, the federally determined |
| 17 | | Expected Family Contribution can still be a daunting |
| 18 | | amount. |
| 19 | | (8) This State is the second largest exporter of |
| 20 | | students in the country. |
| 21 | | (9) Illinois students need to be kept in this State. |
| 22 | | State universities in other states have adopted pricing and |
| 23 | | incentives that make college expenses for residents of this |
| 24 | | State less than in this State. |
| 25 | | (10) A mechanism is needed to stop the outflow of |
| 26 | | Illinois students to institutions in other states, |
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| 1 | | assisting in State efforts to maintain and educate a highly |
| 2 | | trained workforce. |
| 3 | | (11) By being competitive on costs of attendance, this |
| 4 | | State can bring out-of-state students to this State. |
| 5 | | (12) The pilot program established under this Section |
| 6 | | will allow Eastern Illinois University to compete for |
| 7 | | highly qualified students who may reside in other states by |
| 8 | | mitigating the effect of cost differences. |
| 9 | | (13) Modest tuition discounts waivers, individually |
| 10 | | targeted and tailored, result in enhanced revenue for |
| 11 | | university programs. |
| 12 | | (14) By increasing Eastern Illinois University's |
| 13 | | capacity to strategically use tuition discounting waivers, |
| 14 | | the University will be capable of creating enhanced tuition |
| 15 | | revenue by increasing enrollment yields. |
| 16 | | (15) The Board of Higher Education's current |
| 17 | | institutional tuition waiver limitation is 3% of total |
| 18 | | available undergraduate tuition revenue. |
| 19 | | (b) The Board shall establish a pilot program to increase |
| 20 | | the Board of Higher Education's institutional tuition waiver |
| 21 | | limitation for the university over a 4-year period to increase |
| 22 | | access to college and make college more affordable for |
| 23 | | undergraduate students. Under the pilot program, the |
| 24 | | institutional tuition waiver limitation shall be increased by 2 |
| 25 | | percentage points in the 2012-2013 academic year, 2 percentage |
| 26 | | points in the 2013-2014 academic year, 2 percentage points in |
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| 1 | | the 2014-2015 academic year, and one percentage point in the |
| 2 | | 2015-2016 academic year, resulting in an institutional tuition |
| 3 | | waiver limitation of 10% in the fourth year of the pilot |
| 4 | | program and thereafter. |
| 5 | | (c) The pilot program shall require that students who |
| 6 | | receive a tuition discount waiver under the pilot program be |
| 7 | | accepted to the university through normal admissions standards |
| 8 | | and processes. Individual tuition discounts waivers granted |
| 9 | | under the pilot program must not exceed $2,500 per academic |
| 10 | | year. The pilot program shall provide a maximum of one discount |
| 11 | | waiver per academic year for a maximum of 4 years to each |
| 12 | | student in the pilot program who maintains satisfactory |
| 13 | | academic progress. The pilot program shall be terminated after |
| 14 | | the 2015-2016 academic year, with no new students receiving |
| 15 | | waivers. However, notwithstanding the Board of Higher |
| 16 | | Education's institutional tuition waiver limitation, existing |
| 17 | | students receiving waivers under the pilot program are eligible |
| 18 | | to maintain those waivers, with satisfactory academic |
| 19 | | progress, under the 4-year limitation, after the 2015-2016 |
| 20 | | academic year due to maintenance of effort within their 4-year |
| 21 | | window. Sunset dates for discounted waiver support shall be |
| 22 | | based upon the first academic year in which a student receives |
| 23 | | a discount waiver. The sunset dates are as follows for each |
| 24 | | annual cohort of pilot program participants: |
| 25 | | (1) Cohort 1: the beginning year is 2012-2013 and the |
| 26 | | terminal year is 2015-2016. |
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| 1 | | (2) Cohort 2: the beginning year is 2013-2014 and the |
| 2 | | terminal year is 2016-2017. |
| 3 | | (3) Cohort 3: the beginning year is 2014-2015 and the |
| 4 | | terminal year is 2017-2018. |
| 5 | | (4) Cohort 4: the beginning year is 2015-2016 and the |
| 6 | | terminal year is 2018-2019. |
| 7 | | (d) Every 2 years, the The Board shall annually report to |
| 8 | | the Board of Higher Education on the pilot program's impact on |
| 9 | | tuition revenue, enrollment goals, and increasing access and |
| 10 | | affordability on such dates as the Board of Higher Education |
| 11 | | shall determine. |
| 12 | | (e) The Board of Higher Education may adopt any rules that |
| 13 | | are necessary to implement this Section. |
| 14 | | (f) (Blank). This Section is repealed on July 1, 2019.
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| 15 | | (Source: P.A. 97-290, eff. 8-10-11.)".
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