(110 ILCS 945/2) (from Ch. 144, par. 1602)
Sec. 2.
Declaration of Purpose.
It is declared that for the benefit of
the people of the State of Illinois, the conduct and increase of their commerce,
the protection and enhancement of their welfare, the development
of continued prosperity and the improvement of their health and living conditions,
it is essential that this and future generations of youth be given the fullest
opportunity to learn and to develop their intellectual and mental capacities
and skills; that to achieve these ends it is of the utmost importance that
students attending institutions of higher education located in Illinois
have reasonable alternatives to enhance their financial access to such institutions;
that
reasonable financial access to institutions of higher education will assist
such youth in achieving the required levels of learning and development
of their intellectual and mental
capacities and skills; that it is the purpose of this Act to provide a measure
of assistance and an alternative method to enable students and the families
of students attending institutions of higher education located in Illinois
to appropriately and prudently finance the cost or a portion of the cost
of such higher education; and that it is the intent of this Act to supplement
federal guaranteed higher education loan programs, other student loan programs, and
grant or scholarship programs to provide the needed additional options for
the financing of a student's higher education in execution of the public
policy set forth above.
(Source: P.A. 82-658.)