Ill. Admin. Code tit. 23, § 2750.40 - Institutional Procedures
a)
Institutions shall submit payment requests to ISAC, and shall request payment
for tuition and fees only up to the amount of actual tuition and fee expenses
incurred.
b) Upon receipt of
scholarship funds, the institution shall verify the recipient's enrollment
status for the term for which the award was intended.
c)
Upon receipt of the scholarship
funds, if the recipient has withdrawn from enrollment for the terms for which
the award was intended, the recipient may receive payment for tuition and fees
incurred up to the term award. The room and board allowance shall be prorated
based on the institution's return of funds policy. The institution shall return
the appropriate amount of the payment to ISAC. [110 ILCS
947.65/120]
d) To provide
sufficient time for processing and vouchering through the State Comptroller's
Office, all payment requests must be received by ISAC no later than July
1.
Notes
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