Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 2764 - GOLDEN APPLE SCHOLARS OF ILLINOIS PROGRAM
Section 2764.40 - Institutional Procedures
Current through Register Vol. 48, No. 52, December 27, 2024
a) The institution shall certify eligibility information for selected recipients.
b) Golden Apple awards are paid directly to the approved institution of record that certifies to ISAC that the applicant is an eligible recipient.
c) ISAC shall disburse scholarship funds in two or three installments, depending on the number of terms financed by the scholarship, 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 scholarship is 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 scholarship funds, the institution shall verify the recipient's enrollment status for the term for which the award was intended. If enrolled, the institution may credit the scholarship funds to the recipient's account for expenses due and payable. The balance of the disbursement shall be released to the recipient.
f) Upon receipt of the scholarship funds, if the recipient has withdrawn from enrollment for the terms for which the award was intended, the institution shall return the amount of the scholarship payment to ISAC.
g) Scholarship assistance provided under this Part shall be subject to the following conditions:
h) To provide sufficient time for processing and vouchering through the State Comptroller's Office in Springfield, all payment requests must be received by ISAC no later than July 1.