Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 2759 - NURSE EDUCATOR SCHOLARSHIP PROGRAM
Section 2759.40 - Institutional Procedures
Current through Register Vol. 48, No. 52, December 27, 2024
a) The institution shall submit eligibility information for qualified and certified applicants in sufficient time for ISAC to make award announcements.
b) To provide sufficient time for processing and vouchering through the State Comptroller's Office in Springfield, all payment requests except for summer term must be received by ISAC no later than July 1. Summer term payment requests must be received no later than July 31.
c) ISAC shall disburse funds in two or three installments, depending on the number of terms financed by the award, except that multiple disbursements shall not be required in cases where the applicant's eligibility is not determined until the final term of the academic year for which the funds are being awarded or when a student is attending only one term and the maximum award does not exceed the student's cost of attendance.
d) Funds shall be remitted by ISAC to institutions on behalf of the recipients.
e) Upon receipt of the funds, the institution shall verify the recipient's enrollment status for the term for which the award was intended. If enrolled, the institution shall then credit the funds to the recipient's account for tuition and fees due and payable. Upon receipt of the funds, if the recipient has withdrawn from enrollment for the terms for which the award was intended, the institution shall return the amount of the payment to ISAC.
f) Award Amount: