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Due to the shortage of nurses and the lack of instructors to staff courses teaching nursing in Illinois, an incentive program has been designed to encourage longevity and career change opportunities. The Nurse Educator Loan Repayment Program is intended to pay eligible loans to add an incentive to nurse educators in maintaining their teaching careers within the State of Illinois.

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110 ILCS 967/10 and 110 ILCS 947/20(f)

23 ILLINOIS ADMINISTRATIVE CODE CH. XIX, SEC. 2758

The program is intended to pay eligible loans to add an incentive to nurse educators in maintaining their teaching careers within the State of Illinois.

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Individuals;

a) A qualified applicant must be: 1) a resident of Illinois; 2) a United States citizen or eligible noncitizen; 3) a nurse educator who has taught for at least 12 consecutive months in an approved program of professional or practical nursing education in Illinois; 4) a borrower with an outstanding balance due on an eligible federal education loan(s); 5) an applicant who is not in default on a federal guaranteed educational loan or owes a refund on a grant or scholarship program administered by ISAC; and 6) a nurse educator who meets licensing requirements of the Department of Financial and Professional Regulation. First-time recipient: have taught for at least 12 consecutive months prior to the date of application in an approved program of professional or practical nursing education in Illinois. If other than a first-time recipient, fulfill a separate 12 consecutive month period of teaching in an approved program of professional or practical nursing education in Illinois for each subsequent award received.

Individuals

Direct Payments for Specific Use

Education

You must submit an original letter from your employer with each year's application, verifying that you meet the nursing instruction requirements. The letter must: 1) be on school/employer letterhead; 2) state that you have worked (and continue to work) at an approved Illinois institution as a nurse educator who instructs professional or practical nurses; and 3) include the specific starting and ending dates for the period of employment that fulfills the 12-month teaching requirement for that year's application (for example: "July 1, 2024 – June 30, 2025" or "July 22, 2024 – July 21, 2025").

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Complete the required Nurse Educator Loan Repayment Application (https://www.isac.org/students/during-college/documents/2425-NELRP-App.pdf) If your application is incomplete, ISAC will notify you and you will have the opportunity to furnish missing information. Your application will be considered for processing as of the date it is complete and all required information (including the letter from your employer, as referenced above) has been received at ISAC's Deerfield office. Allow at least four weeks for the processing of the application.

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Recipients are selected from among qualified new applicants, as well as those who file timely renewal applications. The total number of awards each year is contingent upon available funding. If funding in any given year is insufficient to pay all eligible applicants, awarding will be based on the date the complete application (with all required documentation) is received at ISAC's Deerfield office.

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There is a minimum of 4-5 weeks turnaround from the date approved recipients are notified by ISAC to when funds are disbursed. Depending on the volume of payment vouchers being processed by the State of Illinois Comptroller’s Office, this timeframe may increase. Proceeds will be remitted directly to the holder/servicer/lender of the loan(s) to be repaid.

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Renewal applicants must submit an application each year, and may also be required to submit a history of prior awards in order to demonstrate that program proceeds were used for eligible educational loans.

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Recipients must be a U.S. citizen or eligible non-citizen, an Illinois resident, meet licensing requirements, and work as a nurse instructor in an approved Illinois institution for at least 12 consecutive months prior to the date of application.

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Up to $5,000 per year for up to four years

The program is intended to pay eligible loans to add an incentive to nurse educators in maintaining their teaching careers within the State of Illinois.

https://www.isac.org/e-library/documents/administrative-rules/2023-24-isac-rules/2758-NurseEducatorLRP.pdf The Nurse Educator Loan Repayment Program is exempt from the Uniform Guidance (2 CFR 200) and the Grant Accountability and Transparency Act (30 ILCS 708) because loans are repaid on behalf of an individual beneficiary.

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1755 Lake Cook Road Deerfield, IL 60015-5209

https://www.isac.org/students/after-college/forgiveness-programs/nurse-educator-loan-repayment-program.html

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12/27/2021

FY 2015 : $293,300
FY 2017 : $264,000
FY 2018 : $264,000
FY 2019 : $264,000
FY 2020 : $264,000
FY 2021 : $264,000
FY 2022 : $264,000
FY 2023 : $264,000
FY 2024 : $500,000
FY 2025 : $500,000