Illinois Administrative Code
Title 23 - EDUCATION AND CULTURAL RESOURCES
Part 2790 - LIMITATION, SUSPENSION AND TERMINATION (L,S & T) PROCEEDINGS
Section 2790.100 - Termination

Universal Citation: 23 IL Admin Code ยง 2790.100

Current through Register Vol. 48, No. 38, September 20, 2024

A termination may include, as appropriate to the program in question:

a) ending an applicant's or an institution's eligibility for any or all gift assistance programs administered by ISAC;

b) prohibiting an institution from making or increasing financial aid awards administered by ISAC;

c) prohibiting an institution from making any new obligations against funds administered by ISAC;

d) prohibiting additional ISAC Guaranteed Student Loans for students enrolled at that institution or additional guaranteed student loans for an applicant;

e) prohibiting a lending institution from obtaining ISAC guarantees for any borrowers after the effective date of the termination; or

f) prohibiting a lending institution from disbursing loan proceeds.

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