Section 2776.10  Summary and Purpose

a)         The Workforce Development through Charitable Loan Repayment Program was created for the purpose of facilitating student loan repayment assistance for qualified workers in the private sector.  It serves as an incentive for qualified workers to work and live in eligible areas while also reducing the student debt burden of those workers. [110 ILCS 998/10-5]

b)         The Program shall be administered by qualified community foundations with the assistance of the Commission.

c)         This Part establishes rules that govern the Workforce Development through Charitable Loan Repayment Program.  Additional rules and definitions are contained in General Provisions, 23 Ill. Adm. Code 2700 and Limitation, Suspension and Termination (L,S&T) Proceedings, 23 Ill. Adm. Code 2790.