DEBT ASSIST-REPORTING

Amends the Student Debt Assistance Act. Redefines "institution of higher education" to mean any publicly or privately operated university, college, community college, business, technical, or vocational school, or other educational institution in this State offering degrees and instruction beyond the secondary school level. Includes the following in the report regarding financial-based transcript and registration holds to the Board of Higher Education or the Illinois Community College Board: the amount of student debt owed to the institution, number of students, and amounts written off, over certain time periods; the number of students with outstanding debt whose transcripts were released and the amount of the debt, the number of students with outstanding debt whose diplomas were released and the amount of the outstanding debt, and the number of students with outstanding debt whose transcripts were withheld because the request for release was not for a purpose outlined in the Act and the amount of outstanding debt; and the total number of students whose registration privileges are being withheld for financial reasons, the amount of outstanding debt for those students, and the total portion of that debt that has been written off for accounting purposes but the registration hold remains.