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Illinois Statutes Chapter 110. Higher Education § 923/20. Maximum loan time period; maximum loan amount

Current as of January 01, 2025 | Updated by Findlaw Staff

§ 20. Maximum loan time period; maximum loan amount.

(a) Subject to appropriation, an undergraduate forgivable loan may be awarded for a maximum of 2 academic years. The amount of this loan shall not exceed $4,000 per year.

(b) Subject to appropriation, a graduate forgivable loan may be awarded for a maximum of 2 academic years. The amount of this loan shall not exceed $8,000 per year.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 110. Higher Education § 923/20. Maximum loan time period; maximum loan amount - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-110-higher-education/il-st-sect-110-923-20/

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