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| | 10100HB0765ham001 | - 2 - | LRB101 03359 AXK 56501 a |
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1 | | (3) He or she has outstanding student loan debt that |
2 | | was incurred to pay tuition costs at a public university in |
3 | | this State. |
4 | | (4) He or she has taught at a public school in this |
5 | | State for a minimum of 10 school years and is teaching at a |
6 | | public school in this State at the time of application. |
7 | | (b) All applications for grant assistance to be awarded |
8 | | under this Section shall be made to the Commission in a form as |
9 | | set forth by the Commission. The form of application and the |
10 | | information required to be set forth in the application shall |
11 | | be determined by the Commission, and the Commission shall |
12 | | require eligible applicants to submit with their applications |
13 | | any supporting documents that the Commission deems necessary. |
14 | | (c) Each grant awarded under this Section may not exceed |
15 | | $20,000 per applicant and may be used by the recipient only for |
16 | | payment toward outstanding student loan debt that was incurred |
17 | | to pay tuition costs at a public university in this State. A |
18 | | recipient may not use a grant awarded under this Section for |
19 | | that portion of the recipient's student loan debt used to pay |
20 | | room and board costs or any other costs that do not include |
21 | | tuition at a public university in this State. |
22 | | (d) The Commission must adopt rules to implement this |
23 | | Section. ".
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