This memo estimates the cost of two possible program designs for a statewide college scholarship program for the State of Illinois. These assumptions and associated cost estimates, once approved or revised, will form the basis for the next stage of this project, which is assessing the economic impact of tuition-free college in Illinois. [This report was prepared for the Illinois Governor's Office. For a related memo, see "Economic Benefits and Costs of Tuition-Free College in Illinois" (ED618162).]