Section 581.220  Grant Awards

a)         For each year that a qualified applicant who is selected as a recipient practices full-time in Illinois as a physician, the Department shall, subject to appropriation, award a grant to that person in an amount equal to the amount in educational loans that the person must repay that year. However, the total amount in grants that a person may be awarded under the program shall not exceed $25,000. The Department shall require recipients to use the grants to pay off their educational loans. (Section 30 of the Act) 

b)         Payments received from the Department shall be used to repay educational loans (including principal, interest and related expenses) received by the grantee from federal, State or local governments or from commercial lending institutions and used for tuition expenses while attending a registered professional physician education program.

c)         When applications are available to support a geographical separation into urban and rural groupings, an equal number of applicants will be selected from each group.

d)        When appropriations are insufficient to provide loan repayment to all qualified applicants, awards will be prorated.

e)         Applications shall be accepted between July 1 and September 30 of each calendar year.  If all funds are not expended, subsequent applications will be evaluated individually as received.

(Source:  Amended at 36 Ill. Reg. 2331, effective January 27, 2012)