Veterans' Home Nurse Loan Repayment Program. The number of awards made through this program, as well as the individual dollar amount awarded, are subject to sufficient annual appropriations by the Illinois General Assembly and the Governor. 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)How Funds Are Awarded and Disbursed. Processing Updates. The Veterans' Home Nurse Loan Repayment Program provides for the payment of eligible educational loans as an incentive for nurses to pursue and continue their careers at State of Illinois veterans' homes. The annual award to qualified registered professional nurses and licensed practical nurses may be up to $5,0. This award may be received for up to a maximum of four years. Eligibility. To be eligible, you must: Be a U. S. You may download and print an application here. Applications are also available at all State of Illinois veterans' homes and at ISAC's Deerfield, Springfield and Chicago offices. You must submit your application to ISAC's Deerfield office as indicated on the application. Allow at least four weeks for the processing of the application. ![]() Your application will be considered for processing as of the date it is complete and all required information has been received at ISAC's Deerfield office. Renewal applicants must submit an application each year, and may also be required to submit a history of prior awards in order to demonstrate that program proceeds were used for eligible educational loans. How Funds Are Awarded and Disbursed. ![]() Recipients are selected from among qualified new applicants, as well as those who file timely renewal applications. The total number of awards each year is contingent upon available funding. ![]() If funding in any given year is insufficient to pay all eligible applicants, awarding will be based on the date the complete application (with all required documentation) is received at ISAC's Deerfield office. Preference may be given to renewal applicants provided that the recipient continues to meet the eligibility requirements. The award amount is based on the applicant's remaining balance on eligible education loans, not to exceed $5,0. Other loan repayment programs for medical school students include. Federal Government Loan Forgiveness Programs. VA Loans; Mortgage News; Mortgage Lender Reviews; Home Equity Loan; Calculators; Refinance. Refinance Channel; Refinance Rates. Debt forgiveness for homeowners? Education Programs Home. Mortgage Servicing Assistance. VA Home Loan Centers will implement an aggressive marketing campaign. All scholarship and loan repayment programs are subject. Release of funds could take up to four weeks, depending on the volume of payment vouchers being processed by the State of Illinois Comptroller’s Office. Proceeds will be remitted in multiple disbursements directly to the holder of the loan(s) to be repaid. Processing Updates. Note that ISAC routinely updates this section as new information becomes available. Be sure to check back periodically for the current processing status. For the 2. 01. 7 Fiscal Year(last updated on July 2. Please note that the state budget that funds the Veterans' Home Nurse Loan Repayment Program has not yet been finalized by the Illinois General Assembly and governor. As a result, it is not known how much funding, if any, this program will receive. ISAC is not accepting Veterans' Home Nurse Loan Repayment Program applications for the 2. July 1, 2. 01. 6 – June 3. Be sure to regularly visit this page for the latest updates regarding the status of the budget and program funding.
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