Nurse Educator Loan Repayment Program
CSFA Number: 691-00-1387
STATE AGENCY INFORMATION
Agency Name
Illinois Student Assistance Commission (691)
Agency Identification
0007
Agency Contact
PROGRAM INFORMATION
Short Description
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.
Federal Authorization
N/A
Illinois Statue Authorization
110 ILCS 967/10 and 110 ILCS 947/20(f)
Illinois Administrative Rules Authorization
23 ILLINOIS ADMINISTRATIVE CODE CH. XIX, SEC. 2758
Objective
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.
Eligible Applicants
Individuals;
Applicant Eligibility
a) A qualified applicant shall 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 educational loan;
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.
b) A nurse educator who has previously received a grant must fulfill a separate 12
consecutive month period teaching in an approved program of professional or
practical nursing education in Illinois for each additional grant that is received.
Beneficiary Eligibility
Individuals
Types of Assistance
Direct Payments for Specific Use
Subject / Service Area
Education
Credentials / Documentation
N/A
Preapplication Coordination
N/A
Application Procedures
N/A
Criteria Selecting Proposals
N/A
Range of Approval or Disapproval Time
N/A
Uses and Restrictions
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.
Account Identification
N/A
Range and Average of Financial Assistance
Up to $5,000 per year for up to four years
Program Accomplishments
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.
Regulations, Guidelines, and Literature
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.
Regional or Local Assistance Location
N/A
Headquarters Office
1755 Lake Cook Road
Deerfield, IL 60015-5209
Program Website
https://www.isac.org/
Published Date
12/27/2021
FUNDING INFORMATION
Funding By Fiscal Year
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
Federal Funding
None
Notice of Funding Opportunities
| Agency ID | Award Range | Application Range |
ACTIVE AWARDS