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Illinois Statutes Chapter 20. Executive Branch § 2705/2705-617. Student loan repayment assistance for engineers pilot program

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

§ 2705-617. Student loan repayment assistance for engineers pilot program. The Department shall provide higher education student loan repayment assistance in the form of an annual after-tax bonus of $15,000 per year, for not more than 4 years, for up to 50 engineers employed by the Department, subject to the following:

(1) the engineer is a graduate of a college or university located in this State;

(2) the engineer provides documentation to the Department of the repayment of higher education student loans taken to attend a college or university located in this State;

(3) the engineer has been employed by the Department for at least 4 years; and

(4) the engineer was hired by the Department on or after July 1, 2024.

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Cite this article: FindLaw.com - Illinois Statutes Chapter 20. Executive Branch § 2705/2705-617. Student loan repayment assistance for engineers pilot program - last updated January 01, 2025 | https://codes.findlaw.com/il/chapter-20-executive-branch/il-st-sect-20-2705-2705-617/

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