Illinois Statutes

§ 7-30 — Limits on covered income

Illinois·Topic EDUCATION·Ch. 110 HIGHER EDUCATION·Act 110 ILCS 992/ Student Loan Servicing Rights Act.·Art. Article 7 - Educational Income Share Agreements

An EISA must specify the definition of income to be used for the purposes of calculating a consumer's payment obligation under the EISA. No EISA shall include any of the following in its definition of income:

(1)the income of the consumer's spouse, children, or dependents or a party to a civil union with the consumer under the Illinois Religious Freedom and Civil Union Act; or (2) any amount paid by the consumer under Title II or XVI of the Social Security Act, 42 U.S.C. 401 et seq. or 42 U.S.C. 1381 et seq., or under a State program funded by Title IV of the Social Security Act, 42 U.S.C. 601 et seq;
(3)individual retirement account distributions;
(4)pensions and annuities;
(5)social security benefits;
(6)any sources of government aid provided to individuals, including, but not limit

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Related

§ 401
42 U.S.C. § 401
§ 1381
42 U.S.C. § 1381
§ 601
42 U.S.C. § 601

Legislative History

(Source: P.A. 104-383, eff. 8-15-25.)

Nearby Sections

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