LOAN REPAYMENT FOR TEACHERS
Synopsis of Bill as introduced:
Amends the Higher Education Student Assistance Act. Establishes
the Ryan Loan Repayment for Teachers Program, which requires the
Illinois Student Assistance Commission to award a grant to each
qualified applicant in an amount equal to the amount of educational
loans forgiven on behalf of the qualified applicant pursuant to
federal programs of loan forgiveness for teachers and child care
providers. Effective July 1, 2003.
HOUSE AMENDMENT NO. 1.
Deletes everything after the enacting clause. Reinserts the
contents of the bill with the following changes. Changes the name of
the program to the George H. Ryan Loan Repayment for Teachers Program.
Provides that the maximum amount of a grant is $5,000. Requires an
applicant to have fulfilled the obligations set forth by Sections 424
and 425 of Title IV of the Higher Education Amendments of 1998 in this
State in order to qualify. Effective July 1, 2003.
Last action on Bill: SESSION SINE DIE
Last action date: JAN-07-2003
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 1 SENATE - 0
END OF INQUIRY
Full Text Bill Status