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Code · Illinois · Chapter 110 — HIGHER EDUCATION · Act 967

Sec. 10-10. Award; maximum time period; maximum amount.

63 words·~1 min read·/il/chapter-110/act-967/10-10

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Sec. 10-10. Award; maximum time period; maximum amount. Subject to appropriation, the Commission shall award a grant to each qualified applicant for a maximum of 4 years. The amount of this grant shall not exceed $5,000 per year. The Commission shall encourage the recipient of a grant awarded under the program to use the grant award for payment of the recipient's educational loan.
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