89 Ill. Adm. Code 835.35
Award of the Loan
Section 835
Section 835.35 Award of the
Loan
a) In awarding the loan, the Committee shall consider the amount
of funds available, the applicant's stated financial need supplied in the loan
application, the applicant's available financial resources and the total number
of applicants.
b) When all eligibility criteria are met and funds are not
available to cover all requests, an applicant from an undergraduate program
shall receive priority over a student from a graduate program.