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The Illinois Student Assistance Commission (ISAC) is a quasi-public, ten-member panel with a permanent staff. It operates several key Illinois programs of higher education and tuition assistance, of which the largest is the Monetary Award Program (MAP) grant program for eligible Illinois college students. It was founded in 1957.
Paying college expenses directly from a 529 account may reduce eligibility for the American Opportunity Tax Credit, due to IRS coordination restrictions. To claim the full credit (in addition to meeting other criteria, such as income limits), $4,000 of college tuition and textbook expenses per year should be paid from non-529 plan funds. [26]
The cost of attendance for an in-state undergraduate student was $24,241 in 2020, according to College Tuition Compare, which provides cost statistics on U.S. schools.
The last graduating class for the Chicago GEAR UP Alliance was the class of 2011, which featured 65% of students enroll in college, 95% of students complete the FAFSA, received over $30 million in scholarship awards, and out of the 24 Gates Foundation Scholarship award winners, 12 of them were GEAR UP students.
Students are generally required to take a broad range of mandatory subjects, but may choose additional subjects ("electives") to fill out their required hours of learning. High school grades normally are included in a student's official transcript for purposes such as college applications. [12] [13] Official transcripts usually include the ...
The U.S. Supreme Court's rejection of President Biden's student loan forgiveness plan puts Illinois borrowers back on the hook for $65 billion.
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