Education Loan. GOVERNMENTAL BODY certifies that it is not barred from receiving State agreements as a result of default on an educational loan (5 ILCS 385/1 et seq.).
Education Loan. That its shareholders holding more than five percent (5%) of the outstanding shares of the corporation, its officers and directors are not in default as defined in 5 ILCS 385/2, on an educational loan as defined in 5 ILCS 385/1.
Education Loan. An employee who has reached his/her lifetime assistance of $6,000 for tuition reimbursement and desires to continue his/her education may receive a loan from the City utilizing the accrued leave as collateral. In addition, the employee may request that the loan be issued to him/her interest-free and shall make such request in writing to the City Manager or his/her designee. The determination that the loan shall be issued to said employee interest-free shall be made upon presentation of evidence that such waiver serves an official city policy or directive, including but not limited to upgrading the educational level and training of the City's workforce and enhancing employee morale and loyalty. Said loan will be limited to formal education leading to a Bachelor degree or Masters' degree. Certificate programs are not eligible for the loan program.
Education Loan. Pursuant to (5 ILCS 385/1 et seq).;
Education Loan. The term ‘‘education loan’’ has the meaning given the term in section 1019 of this title.
Education Loan. This loan is granted to cater for school/College/University fees. Repayment period is 12 (twelve) months The loan amount is calculated dependent on the loan request and ability to pay within 12 months Interest is 12% p.a
