Section 2790.100  Termination

A termination may include, as appropriate to the program in question:

a)         ending an applicant's or an institution's eligibility for any or all gift assistance programs administered by ISAC;

b)         prohibiting an institution from making or increasing financial aid awards administered by ISAC;

c)         prohibiting an institution from making any new obligations against funds administered by ISAC;

d)         prohibiting additional ISAC Guaranteed Student Loans for students enrolled at that institution or additional guaranteed student loans for an applicant;

e)         prohibiting a lending institution from obtaining ISAC guarantees for any borrowers after the effective date of the termination; or

f)         prohibiting a lending institution from disbursing loan proceeds.

(Source:  Amended at 21 Ill. Reg. 11148, effective July 18, 1997)