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IL SB3579
Bill
AI Summary
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Department of Public Health establishes an educational loan repayment assistance program for optometrists practicing in Illinois, effective January 1, 2025, with applications accepted beginning July 1, 2025.
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Eligible applicants must be U.S. citizens or permanent residents, Illinois residents, practicing full-time as licensed optometrists in Illinois, currently repaying educational loans, and willing to commit to at least 3 years of full-time practice in the state.
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Department awards annual grants equal to the educational loan amount applicants must repay each year, with a lifetime maximum of $25,000 per recipient, and recipients must use grants specifically to pay off educational loans.
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Recipients who fail to fulfill the 3-year full-time practice obligation must repay the Department the full amount received plus interest.
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Department may use up to 5% of program appropriations for administration and promotion of optometrist incentive programs.
Legislative Description
OPTOMETRIST LOAN REPAYMENT ACT
Last Action
Session Sine Die
1/7/2025