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{ISAC Rules, Section 2770.30 }
An eligible STS program is an organized, need-based monetary award (gift assistance) program for undergraduate students at an Illinois college or public university. Students shall approve the plan for raising voluntary contributions by a majority of those voting in a campus-wide referendum.
The contributions, to be eligible for matching funds, must be voluntary and optional. Only those voluntary contributions made by enrolled students of the college or university are eligible for matching. If any fund-raising activity yields contributions from other individuals or organizations, the voluntary contributions, by enrolled students, must be clearly identifiable.
Voluntary contributions can be obtained from graduate students; the assistance program, however, can aid only undergraduates. A portion of the total contribution can be used to aid graduate students. Funds set aside for graduate students will not be matched by ISAC.
No eligible contribution can exceed $12.00 per academic year.
The $1,000 annual limit on an STS award shall be applicable to all terms, including the summer term.
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