Section 2750.30  Program Procedures

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.

1)         Applications are available on ISAC's website.

2)         If the application is incomplete, ISAC will notify the applicant, who will have an opportunity to furnish the missing information. The application will only be considered for processing as of the date the application is complete and received at ISAC's Deerfield office.   

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:

1)         for each year of scholarship assistance received, the recipient pledges to work in Illinois in a qualifying job for a period of not less than one year, but in no event for a period of less than two years.  [110 ILCS 947.65/120]

2)         the recipient shall begin working within one year after completion of the program for which the recipient received assistance under this Part, and shall work on a continuous basis for the required period of time.

3)         if the work requirement is not fulfilled, the scholarship converts to a loan and the recipient must repay the entire amount of the scholarship prorated according to the fraction of the employment obligation not completed, plus interest at a rate equal to 5%, and if applicable, reasonable collection fees. 

4)         The recipient agrees to provide ISAC with evidence of compliance with program requirements (e.g., responses to annual follow-up questionnaires, etc.)

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:

1)         enrolls at a qualified institution on a full-time basis as a graduate student in a course of study related to the technology degree for which the recipient qualified for the scholarship; 

2)         serves, for not more than three years, as a member of the United States Armed Forces;

3)         is temporarily totally disabled, for not more than three years, as established by a sworn affidavit of a licensed physician;

4)         is actively seeking but unable to find full-time employment with a State employer that satisfies the criteria set forth in subsection (j)(1) and is able to provide evidence of that fact; or

5)         becomes totally and permanently disabled as established by sworn affidavit of a qualified physician. [110 ILCS 947.65/120]

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]