NORMAL, Ill. (AP) - The Illinois Student Assistance Commission is making a 10 percent cut in grants given through its Monetary Awards Program because of a shortage of money.
The Pantagraph in Bloomington reports Monday (http://bit.ly/10ex7Nh) that statewide the cuts total about $2 million. Commission spokesman John Samuels says that the problem happened when more students than expected claimed their grant money. The commission initially notifies more students about grants than it has money to pay. That's in expectation that not all students will collect.
But students shouldn't be affected. Most schools are taking the hit. Illinois State University will lose about $50,000. Heartland Community College in Normal will lose about $8,000.
About 141,000 students in Illinois receive MAP grants.
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