EDUC-QLFD COMMUNITY FOUNDATION
Defines qualified foundations by national standards accreditation, ISAC approval, and phased timelines to fund loan repayment for workers in targeted Illinois areas and industries.
Defines qualified foundations by national standards accreditation, ISAC approval, and phased timelines to fund loan repayment for workers in targeted Illinois areas and industries.
SB 3802 updates the eligibility framework for the Workforce Development Through Charitable Loan Repayment Program by tightening the definition of “qualified community foundation” around national standards accreditation status and ISAC approval. It sets phased accreditation milestones and ties eligibility to specific employer types, growth industries, and geographic areas to support loan repayment assistance for workers pursuing education debt relief in Illinois. The changes are designed to ensure participating foundations meet established national standards and that loan repayment support targets workers in economically or educationally underserved areas and in targeted sectors.
Compiled from official sources — confirm details with the bill’s official record.
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