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Illinois Future Teacher Corps (IFTC) Program If you are a recipient of both the DeBolt Teacher Shortage Scholarship (DTSS) and the IFTC program, you must fulfill the requirements of the IFTC program. If you are a recipient of the IFTC program, you must teach for five years on a full-time basis at a nonprofit Illinois public, private or parochial preschool or an Illinois public elementary or secondary school. You must begin teaching within the one year following your termination from the program of study funded by the scholarship, and continue until the obligation is fulfilled. Your teaching must fulfill the commitment/agreement that you signed prior to receiving the program benefits, e.g., if you made a commitment to teach in a teacher shortage discipline and/or at a hard to staff school, you are fulfilling your five years of teaching accordingly. ExtensionsThe five-year period to fulfill the teaching requirement may be extended if you are:
To qualify for any of these extensions, you must provide written evidence of your eligibility and request ISAC to approve the extension. RepaymentIf the teaching obligation is not fulfilled, the scholarship converts to a loan, and you must repay the entire amount of the scholarship(s) prorated to the fraction of the teaching obligation not completed, plus interest. If applicable, you will pay reasonable collection costs. The interest rate is 5 percent. The repayment period starts and interest begins to accrue on the earliest of the following dates:
If a recipient is required to repay any portion of the scholarship, the repayment period must be completed within 10 years after the scholarship converts to a loan. The repayment obligation may be temporarily postponed if you are:
To qualify for any of these deferments, you must provide written evidence of your eligibility and must request ISAC to approve the deferment. DeBolt Teachers Shortage Scholarship Program (DTSS) If you are a recipient of both the DeBolt Teacher Shortage Scholarship (DTSS) and the IFTC program, you must fulfill the requirements of the IFTC program. If you are a DTSS scholarship recipient, you must teach one year on a full-time basis in a designated teacher shortage discipline for each academic year, or a portion of the academic year, for which you received the DTSS award. This teaching obligation must be fulfilled at an Illinois public, private or parochial preschool, elementary or secondary school. You must fulfill the teaching obligation within five years following your termination from the program of study funded by the scholarship. Extensions The five-year period to fulfill the teaching requirement may be extended if you are:
To qualify for any of these extensions, you must provide written evidence of your eligibility and request ISAC to approve the extension. Repayment If the teaching obligation is not fulfilled, the scholarship converts to a loan, and you must repay the entire amount of the scholarship(s) prorated to the fraction of the teaching obligation not completed, plus interest. If applicable, you will pay reasonable collection costs. The interest rate for repayment is determined in accordance with federal regulations for the highest rate applicable to new student loans under the FFEL Program. The repayment period starts and interest begins to accrue on the earliest of the following dates:
Deferments If a recipient is required to repay any portion of the scholarship, the repayment period must be completed within 10 years after the scholarship converts to a loan. The repayment obligation may be temporarily postponed if you are:
To qualify for any of these deferments, you must provide written evidence of your eligibility and must request ISAC to approve the deferment. Minority Teachers of Illinois (MTI) Scholarship Program If you are a MTI scholarship recipient, you must teach one year on a full-time basis for each academic year, or portion of an academic year, in which you received the award. This teaching obligation must be fulfilled at a nonprofit Illinois public, private or parochial preschool, elementary or secondary school, at which no less than 30 percent of the enrolled students are minority students as certified by the Illinois State Board of Education (ISBE). You must begin teaching within one year following termination from the program of study funded by the scholarship, and continue until the teaching obligation is fulfilled. Extensions The period to fulfill the teaching requirement may be extended if you are:
To qualify for any of these extensions, you must provide written evidence of your eligibility and request ISAC to approve the extension. Repayment If the teaching obligation is not fulfilled, the scholarship converts to a loan, and you must repay the entire amount of the scholarship(s) prorated to the fraction of the teaching obligation not completed, plus interest. If applicable, you will pay reasonable collection costs. The interest rate is 5 percent.The repayment period starts and interest begins to accrue on the earliest of the following dates:
Deferments If a recipient is required to repay any portion of the scholarship, the repayment period shall be completed within 10 years after the scholarship converts to a loan. The repayment obligation may be temporarily postponed if you are:
To qualify for any of these deferments, you must provide written evidence of your eligibility and must request ISAC to approve the deferment. Illinois Special Education Teacher Tuition Waiver (SETTW) Program If you are an SETTW recipient, you must teach two years on a full-time basis in the field of special education for any assistance received through the SETTW program. This teaching obligation must be fulfilled at a nonprofit Illinois public, private, or parochial preschool, elementary or secondary school beginning within one year and continue for two of the five years immediately following graduation or termination of enrollment. Extensions The period to fulfill the teaching requirement may be extended if you are:
To qualify for any of these extensions, you must provide written evidence of your eligibility and must request ISAC to approve the extensions. Repayment If the teaching obligation is not fulfilled, the amount received through the tuition waiver converts to a loan, and you must repay the entire amount prorated to the fraction of the teaching obligation not completed, plus interest. If applicable, you will pay reasonable collection costs. The interest rate is 5 percent. The repayment period starts and interest begins to accrue on the earliest of the following dates:
Deferments If a recipient is required to repay any portion of the waiver, the repayment period shall be completed within five years after the waiver converts to a loan. The repayment obligation may be temporarily postponed if you are:
To qualify for any of these deferments, you must provide written evidence of your eligibility and must request ISAC to approve the deferment. Nurse Educator Scholarship Program (NESP) If you are a recipient of the Nurse Educator Scholarship Program, you must work as an educator in an approved program of professional nursing education or an approved program of practical nursing education for five years at an approved Illinois institution. You must begin teaching within the one year following your termination from the program of study for which you received assistance, and continue until the obligation is fulfilled. Your teaching must fulfill the commitment/agreement that you signed prior to receiving the program benefits.
To qualify for any of these extensions, you must provide written evidence of your eligibility and request ISAC to approve the extension. Repayment If the teaching obligation is not fulfilled, the amount of proceeds received (including scholarship and stipend dollars) converts to a loan, and you must repay the entire amount of the award prorated to the fraction of the teaching obligation not completed, plus interest. If applicable, you will pay reasonable collection costs. The interest rate is 5 percent. The repayment period starts and interest begins to accrue on the earliest of the following dates:
Recipients will not be required to repay the amount of the proceeds received if their representative provides ISAC with a death certificate. Deferments If a recipient is required to repay any portion of the proceeds received, the repayment period must be completed within 10 years after the award converts to a loan. The repayment obligation may be temporarily postponed if you are:
To qualify for any of these deferments, you must provide written evidence of your eligibility and must request ISAC to approve the deferment. Illinois Optometric Education Scholarship Program If you are an Optometric Education Scholarship Program recipient, you must practice in Illinois as a licensed optometrist for a period of not less than one year for each year of scholarship assistance received. You must also begin practicing optometry in Illinois within one year following completion of the academic program for which you were awarded the scholarship and practice on a continuous basis until the obligation is fully completed. Extensions You will not be in violation of the agreement during periods in which you:
To qualify for any of these extensions, you must provide written evidence of your eligibility and request ISAC to approve the extension. Repayment If the requirement to practice optometry in Illinois is not fulfilled, the scholarship converts to a loan and you must repay the entire amount of the scholarship(s), prorated according to the fraction of the obligation not completed, plus interest at a rate of 5 percent, and, if applicable, reasonable collection fees. The repayment period starts and interest begins to accrue on the earliest of the following dates:
Deferments If you are required to repay any portion of the scholarship, the repayment period must be completed within 10 years after the scholarship converts to a loan. The 10-year period may be extended if you:
To qualify for any of these deferments, you must provide written evidence of your eligibility and must request ISAC to approve the deferment. |
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