Illinois Teachers and Child Care Providers Loan Repayment Program

You may either scroll through this page, or click on any of the following links to go directly to a specific topic:

Program Description
Eligibility
How to Apply (and Obtaining the Application)
Processing Updates

The Illinois Teachers and Child Care Providers Loan Repayment Program provides awards to encourage academically talented Illinois students to teach in Illinois schools in low-income areas and to enter the early child care profession and serve in low-income areas in Illinois.  If these obligations are met by a Federal Stafford loan borrower who has qualified for the federal government’s loan forgiveness programs, Illinois may provide an additional matching award of up to $5000 to the qualifying teacher to repay their student loan debt.

Eligibility

To be eligible, you must:

• Be a U.S. citizen or an eligible non-citizen
• Be an Illinois resident
• Be a borrower who has had an amount of your educational loans forgiven under the federal government’s loan forgiveness programs *
• Have fulfilled your five-year teaching obligation in an Illinois elementary or secondary school designated as a low-income school or have worked full time for 2 consecutive years in a child care facility that serves a low-income area in Illinois.

*  Note that the federal Child Care Provider Loan Forgiveness Program is a demonstration program for which no additional funding has been provided. Consequently, the federal government is not accepting new applicants. Further details are provided within the "Child Care Provider Loan Forgiveness Program" section of the Discharge/Cancellation page at Student Aid on the Web.

How to Apply

To apply, you must obtain either an Illinois Teacher Loan Repayment Application or an Illinois Child Care Provider Loan Repayment Application. You must submit your application to ISAC’s Deerfield office as indicated on the application within six months of receiving loan forgiveness from the federal government. If funding in any given year is insufficient to pay all eligible applicants, funds will be awarded first come, first served, based on the receipt date of the application.

Note that ISAC routinely updates this section as new information becomes available. Be sure to check back periodically for the current processing status.

For All Years (last updated on December 17, 2007):

There is currently a minimum 4-5 week turnaround from the date ISAC receives an application to when approved recipients receive funds. Depending on the volume of payment vouchers being processed by the State of Illinois Comptroller's Office, this timeframe may increase.

Printable version