a) A complete ISAC application for the Teach Illinois Scholarship program must be postmarked on or before March 1 immediately preceding the academic year for which the scholarship is being requested, in order to receive priority consideration for an award.

1. 1) ISAC applications are available from the institutions listed in Section 2768.20(a)(4), ISAC's Web site, Illinois State legislative offices, Illinois Congressional offices, and ISAC's Springfield, Deerfield and Chicago offices.

2. 2) ISAC will make renewal applications available to all qualified students

   1. 3) If the student section of the application is incomplete, ISAC will notify the applicant. The applicant will then have an opportunity to furnish the missing information; however, the application will be considered for processing as of the date when the application is complete and received at ISAC's Deerfield office.
   2. b) ISAC shall select recipients on a first-come, first-served basis from among qualified applicants who filed timely applications. Recipients of assistance under this Part during the previous academic year shall receive priority consideration, provided the student has submitted an application on a timely basis.
   3. c) The Teach Illinois Scholarship award is applicable only toward tuition and non- revenue bond fees for courses in a teacher education program that prepares the recipient to teach in an area of identified staff shortage, as defined in Section 2768.15.
   4. d) The total number of scholarships awarded in a given fiscal year is contingent upon available funding.
   5. e) Notice of eligibility shall be sent by ISAC to each qualified applicant who is selected to receive a Teach Illinois Scholarship. A notice will be sent by ISAC to each qualified applicant who is not selected to receive a Teach Illinois Scholarship.

   who were awarded assistance under this Part during the preceding

   academic year.

f) Prior to receiving scholarship assistance for any academic year, the qualified applicant must sign a Teaching Agreement/Promissory Note that is submitted to ISAC. The Teaching Agreement/Promissory Note shall include the following stipulations:

1. 1) the recipient pledges to teach, on a full-time basis, for a period of not less than five years at an Illinois elementary or secondary school in an area of identified staff shortage, as defined in Section 2768.15;
2. 2) the recipient shall begin teaching within one year following completion of the postsecondary education degree program for which the scholarship was awarded, and shall teach on a continuous basis for the required period of time;
3. 3) if the teaching requirement is not fulfilled, the scholarship converts to a loan and the recipient must repay the entire amount of the scholarship, plus interest at a rate equal to five percent, and, if applicable, reasonable collection fees;

4. 4) the recipient agrees to provide ISAC with evidence of compliance with

   1. 5) the recipient promises to use the proceeds of the scholarship for courses in a teacher education program that prepares the recipient to teach in an area of identified staff shortage, as defined in Section 2768.15.
   2. g) ISAC, in cooperation with the Illinois State Board of Education, will assist recipients in finding employment as a full-time teacher in areas of identified staff shortage, as defined in Section 2768.15.
   3. h) A recipient of a scholarship awarded under this Part shall not be in violation of the agreement entered into pursuant to subsection (f) during any period in which the recipient:

   program requirements (e.g., responses to annual follow-up questionnaires, etc.); and

5. 1) serves, for not more than three years, as a member of the United States

   Armed Forces;

6. 2) is enrolled full-time in a graduate course of study related to the field of

   1. 3) is temporarily totally disabled, for not more than three years, as established by the sworn affidavit of a licensed physician;
   2. 4) is actively seeking but unable to find full-time employment as a teacher at a school that satisfies the criteria set forth in subsection (f)(1) of this Section for one continuous period not to exceed two years, and is able to provide evidence of that fact; or
   3. 5) is fulfilling teaching requirements associated with other programs administrated by ISAC, if he/she cannot concurrently fulfill them in a period of time equal to the length of the teaching obligation.
   4. i) If a recipient is required to repay the scholarship, the repayment period shall be completed within ten years after the scholarship converts to a loan. This ten-year period may be extended if the recipient:

   teaching at an institution of higher learning;

7. 1) serves, for not more than three years, as a member of the United States

   1. 2) is temporarily disabled, for not more than three years, as established by the sworn affidavit of a licensed physician;
   2. 3) is pursuing a graduate course of study and is enrolled on a full-time basis for one continuous period of time not to exceed three years; or
   3. 4) is actively seeking but unable to find full-time employment as a teacher at a school that satisfies the criteria set forth in subsection (f)(1) of this Section for one continuous period not to exceed two years and is able to provide evidence of that fact.
   4. j) During the time a recipient qualifies for any of the extensions listed in subsection (i), he or she shall not be required to make payments and interest shall not accrue.

   Armed Forces;

k) A recipient shall enter repayment status on the earliest of the following dates:

1. 1) the first day of the first calendar month after the recipient has ceased to pursue a course of study leading to certification as a teacher in an area of identified staff shortage, but not until six months have elapsed after the cessation of at least half-time enrollment in the course of study;
2. 2) the date the recipient informs ISAC that he or she does not plan to fulfill the teaching obligation; or
3. 3) the day after the latest date upon which the recipient must have begun teaching after completing the postsecondary education for which the scholarship was awarded.

l) A recipient shall not be required to repay the amount of the scholarships received if he or she becomes permanently totally disabled, as established by the sworn affidavit of a licensed physician (see, e.g., 34 CFR 653.42(k)(1)), or if his or her representative provides ISAC with a death certificate or other evidence that the recipient is deceased.

1. m) The recipient may be eligible for loan forgiveness of the proceeds received under this Part if he or she is unable to find full-time employment as a teacher at a school that satisfies the criteria set forth in subsection (f)(1) of this Section based on the financial conditions within the qualified school districts. To qualify for loan forgiveness, the recipient must have first exhausted the extensions options provided in subsections (h)(4) and (5) of this Section.