Illinois General Assembly - Illinois Compiled Statutes

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20 ILCS 2705/2705-617

(20 ILCS 2705/2705-617)
Sec. 2705-617. Student loan repayment assistance for engineers pilot program.

The Department shall provide higher education student loan repayment assistance in the form of an annual after-tax bonus of $15,000 per year, for not more than 4 years, for up to 50  engineers employed by the Department, subject to the following:

(1) the engineer is a graduate of a college or

university located in this State;

(2) the engineer provides documentation to the

Department of the repayment of higher education student loans taken to attend a college or university located in this State;

(3) the engineer has been employed by the

Department for at least 4 years; and

(4) the engineer was hired by the Department on or

after July 1, 2024.

(Source: P.A. 103-8, eff. 6-7-23.)