The number of awards made through programs administered by ISAC, as well as the individual dollar amount awarded, are subject to sufficient annual appropriations by the Illinois General Assembly and the Governor.
The State of Illinois offers help with student loan repayment for Illinois residents who qualify based on certain eligibility requirements. Typically, qualifying borrowers are those who have made an obligation to work in Illinois for a specific amount of time in a field that has experienced a shortage of workers (for example, teaching or nursing).
Illinois Loan Repayment/Forgiveness Programs
The below links will take you to the program descriptions that are available within the College area of the Student Zone.
In addition to these ISAC-administered programs, your entire student loan (or a portion of your obligation) may be cancelled (forgiven) by the federal government under certain circumstances. Federal programs include:
- Federal Teachers Loan Forgiveness Program
- Federal Child Care Providers Loan Forgiveness Program
Further details are provided within the Borrowing Basics section of the Student Zone.
Additionally, the Illinois Department of Public Health provides funds to repay educational loans through its Illinois National Health Service Corps State Loan Repayment Program.
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