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Below are some frequently asked questions.  Click on the questions to view the answers.

Applications are accepted between June 1 and December 1 annually. Applications submitted after December 1 will not be processed.
Districts are notified of approval or denial via a letter from ISBE; please do not call for results prior to notification.
Loan awards are determined on September 15, December 15, March 15, and May 15. Approved districts receive a loan package within two weeks of these dates, with funds distributed after the signed promissory note and TIN form are returned.
Loan expenditures must be prorated based on the percentage of enrollment for eligible grades (K-8).
Generally, no. ISBE advises against spending, as expenses should not be incurred before the loan is approved and funds are received.
Warranties included in the original purchase price are allowed, but separately purchased or extended warranties are not.
No. Loan proceeds must be used exclusively for new technology expenditures.
First payments are due either March 1 or June 1 of the fiscal year, depending on whether the loan was determined on Sep/Oct 15 or Dec/Mar/May 15.
Yes.
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