Section 20 ILCS 2705/2705-617 - Student loan repayment assistance for engineers pilot programThe 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.Added by P.A. 103-0008,§ 130-5, eff. 6/7/2023.