Article 10 - Nurse Educator Loan Repayment Program - Illinois Statutes

 
    (110 ILCS 967/Art. 10 heading) ARTICLE 10. NURSE EDUCATOR LOAN REPAYMENT PROGRAM. (Source: P.A. 94‑1020, eff. 7‑11‑06.)

    (110 ILCS 967/10‑5)
    Sec. 10‑5. Nurse Educator Loan Repayment Program. There is created, beginning July 1, 2007, the Nurse Educator Loan Repayment Program to be administered by the Illinois Student Assistance Commission. The program shall provide assistance, subject to appropriation, to eligible nurse educators.
(Source: P.A. 94‑1020, eff. 7‑11‑06.)

    (110 ILCS 967/10‑10)
    Sec. 10‑10. Award; maximum time period; maximum amount. Subject to appropriation, the Commission shall award a grant to each qualified applicant for a maximum of 4 years. The amount of this grant shall not exceed $5,000 per year. The Commission shall encourage the recipient of a grant awarded under the program to use the grant award for payment of the recipient's educational loan.
(Source: P.A. 94‑1020, eff. 7‑11‑06.)

    (110 ILCS 967/10‑15)
    Sec. 10‑15. Application. All applications for grant assistance under the program shall be made to the Commission in a form and manner prescribed by the Commission. Applicants shall also submit any supporting documents deemed necessary by the Commission at the time of application.
(Source: P.A. 94‑1020, eff. 7‑11‑06.)

    (110 ILCS 967/10‑20)
    Sec. 10‑20. Eligibility.
    (a) The Commission shall, on an annual basis, receive and consider applications for grant assistance under the program. An applicant is eligible for a grant under the program if the Commission finds that the applicant:
        (1) is a United States citizen or permanent

resident;

(2) is a resident of Illinois;         (3) has worked for at least 12 consecutive months

as a nurse educator in an approved program of professional or practical nursing education in Illinois;

(4) is a borrower with an outstanding balance due

on an educational loan; and

(5) has not defaulted on an educational loan.     (b) Preference may be given to previous recipients of a grant under the program, provided that the recipient continues to meet the eligibility requirements set forth in this Section.     (c) A recipient of a grant under the program must fulfill a separate 12‑month period as a nurse educator in an approved program of professional or practical nursing education in Illinois for each grant that he or she is awarded. (Source: P.A. 94‑1020, eff. 7‑11‑06.)