Ill. Admin. Code tit. 23 § 2790.100

Current through Register Vol. 48, No. 36, September 6, 2024

Section 2790.100 - Termination

A termination may include, as appropriate to the program in question:

a) ending an applicant's or an institution's eligibility for any or all gift assistance programs administered by ISAC;

b) prohibiting an institution from making or increasing financial aid awards administered by ISAC;

c) prohibiting an institution from making any new obligations against funds administered by ISAC;

d) prohibiting additional ISAC Guaranteed Student Loans for students enrolled at that institution or additional guaranteed student loans for an applicant;

e) prohibiting a lending institution from obtaining ISAC guarantees for any borrowers after the effective date of the termination; or

f) prohibiting a lending institution from disbursing loan proceeds.

Ill. Admin. Code tit. 23, § 2790.100

Amended at 21 Ill. Reg. 11148, effective July 18, 1997