Illinois HB5462 amends the Human Services Professional Loan Repayment Program to allow recipients up to four years of grants.
HB5462 amends the Human Services Professional Loan Repayment Program Act to allow recipients to receive grants for up to four years. The Illinois Student Assistance Commission awards grants to eligible applicants, prioritizing those based on need or income levels. Recipients must use grants for educational loan payments. To qualify, applicants must be Illinois residents, full-time human services professionals for at least 24 months, and have an outstanding educational loan balance without default. Recipients must remain employed by the same agency for at least 12 months post-application.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.