ISAC-NO REPAYMENT OBLIGATION

Amends the Higher Education Student Assistance Act. Provides that on the effective date of the amendatory Act,any recipient of a scholarship, grant, or waiver that has been or may be converted to a student loan under a State program for which the Illinois Student Assistance Commission is responsible for collections shall be released from the remaining financial repayment obligations under that program. In provisions concerning the Minority Teachers of Illinois scholarship program, the Golden Apple Scholars of Illinois Program, special education teacher scholarships, the Optometric Education Scholarship Program, Post-Master of Social Work School Social Work Professional Educator License scholarships, and the iGROW Tech Scholarship Program and in the Nursing Education Scholarship Law, removes provisions concerning repaying funds received due to the specified failure of a recipient to fulfill the recipient's obligations. Makes other changes. Effective immediately.