Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 2750 - ILLINOIS GRADUATE AND RETAIN OUR WORKFORCE (iGROW) TECH SCHOLARSHIP PROGRAM
Section 2750.30 - Program Procedures
Current through Register Vol. 48, No. 12, March 22, 2024
a) An application must be submitted annually and, in order to receive priority consideration for an award, must be completed and received by a date established each year by the Commission and posted on the ISAC website, preceding the academic year for which the scholarship is being requested. No applications will be considered for processing if received after the published date unless funds remain available for disbursement.
b) Scholarship assistance is limited to the full-time enrollment equivalent of 8 semesters or 12 quarters of payment for undergraduate study.
c) Award funds shall be applicable only up to and including to the full costs of tuition and fees, and room and board in the amount of the standard housing and food allowance used for all undergraduate students, at a public institution. [110 ILCS 947.65/120] For recipients at private institutions, the award may not exceed the maximum amount payable to a student enrolled in the most expensive comparable program of study at a public institution.
d) Awards are payable only for two semesters or three quarters in an academic year.
e) ISAC shall select the recipients from among those who have submitted complete applications and have supplied required information, including qualified and timely new and renewal applicants.
f) Awarding priority shall be given to renewal applicants who continue to meet the eligibility requirements; then those applicants who demonstrate academic excellence, demonstrate financial need or minority applicants.
g) The total number of awards in a given fiscal year is contingent upon available funding. If funding is insufficient to pay all eligible applicants, awarding will be based on the date the completed application is received in ISAC's Deerfield office.
h) Each qualified applicant who is selected to receive a scholarship shall be notified by ISAC. Applicants not receiving the scholarship will be notified as well.
i) The total amount of funds awarded to a qualified recipient in a given academic year, when added to other financial aid available to the qualified recipient for that year, shall not exceed the cost of attendance. If the amount of financial aid to be awarded to a qualified student exceeds the institution's cost of attendance, the iGROW Tech Scholarship shall be reduced by the amount by which the cost of attendance is exceeded. [110 ILCS 947.65/120]
j) ISAC pays scholarship funds directly to the institution of record in the name of the recipient.
k) Prior to receiving scholarship assistance under this Part, the qualified applicant must sign an Agreement/Promissory Note that is submitted to ISAC. The Agreement/Promissory Note shall include the following stipulations:
l) A recipient of a scholarship awarded under this Part will not be in violation of the agreement entered into pursuant to subsection (j) during the periods in which the recipient:
m) Scholarship recipients who withdraw from a program of computer science or other related major area of study (see Qualifying Degree), but remain enrolled in a qualified institution to continue their postsecondary studies in another academic discipline, shall not be required to commence repayment so long as they remain enrolled on a full-time basis or if special circumstances that warrant extension of repayment can be documented. [110 ILCS 947.65/120]