Each qualified community foundation shall establish an application process for qualified workers to receive student loan repayment assistance from the qualified community foundation in accordance with this Act and rules adopted for the implementation of this Act by the Commission. If necessary due to limited funds, the qualified community foundation shall give priority to applicants with a higher student debt-to-income ratio when awarding student loan repayment assistance under the Program.
110 ILCS 998/10-20
Applications
Known as the Workforce Development through Charitable Loan Repayment Act
The act spans §§ 110-998-10-1 to 110-998-10-900 (10 sections).
P.A. 103-592, eff. 6-7-24.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.