Education

Amends the Board of Higher Education Act. Removes language providing that each State university must submit its plan for capital improvements of non-instructional facilities to the Board of Higher Education for approval before final commitments are made if the total cost of the project as approved by the institution's board of control is in excess of $2 million.

Amends the Higher Education Student Assistance Act. Provides that the Illinois Student Assistance Commission shall establish, implement, and administer a STEM Opportunity Scholarship Program, using funds appropriated from the STEM Opportunity Scholarship Program Fund, for the purpose of offering scholarships to young women pursuing degrees in the fields of science, technology, engineering, and mathematics at public universities in this State. Sets forth provisions concerning eligibility, preference and priority, the assistance awarded, funding, and rulemaking. Creates the STEM Opportunity Scholarship Program Fund as a special fund in the State treasury. Makes a corresponding change in the State Finance Act.

Amends the Student Loan Servicing Rights Act. Creates within the Act an Article concerning educational income share agreements. Contains provisions concerning: monthly payment affordability; maximum annual percentage rates; limits on the duration of income share agreements; risk sharing; limits on covered income; fees; restrictions on security interests; discharge of obligations; prohibitions on cosigners; limits on acceleration; assignment of wages; limitations on garnishment; use of multiple agreements; required disclosures; early completion of the agreement; assumption of increases in future income; receipts; and adjustment of dollar amounts. Provides that the Attorney General may enforce a violation of the Educational Income Share Agreements Article of the Student Loan Servicing Rights Act as an unlawful practice under the Consumer Fraud and Deceptive Business Practices Act. Makes other changes. Amends the Consumer Installment Loan Act and the Interest Act to make conforming changes. Provides that the provisions of the amendatory Act are severable. Effective immediately.

Amends Student Transfer Achievement Reform Act. Defines "transfer articulation agreement". Sets forth the purpose of the Act. Provides that a State university shall (rather than the General Assembly encourages State universities) to facilitate the seamless transfer of credits toward a baccalaureate degree. Provides that a State university shall enter into a transfer articulation agreement with the community college district to provide a seamless pathway for transfer. Provides that if, within 180 calendar days of the community college's initial request to enter into a transfer articulation agreement with the State university, the community college and State university do not reach agreement on the transfer articulation agreement, then the community college and State university shall jointly implement the provisions of the Model Transfer Articulation Agreement. Provides that a Model Transfer Articulation Agreement shall be developed through a Transfer Articulation Committee by December 31, 2025. Requires each community college and State university to publish the institution's process and timeline for reviewing and making decisions regarding transfer credit requests on the institution's website. Removes language regarding the Board of Higher Education's reviews and reports. Provides instead that, by May 1, 2026, and May 1 of each subsequent year, each State university shall report to the Board of Higher Education specified information. Effective immediately.

Amends the Illinois Library System Act. In provisions concerning State grants, provides that the grants shall include, among other things, planning and construction grants to library systems and public libraries that are members of a library system (rather than planning and construction grants to public libraries and library systems) and grants to improve or enhance security of libraries.