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The Hospital Financial Assistance Report outlines the annual reporting requirements for Illinois hospitals regarding financial assistance provided to patients. It mandates hospitals to submit specific statistics on financial assistance applications, including the number submitted, approved, denied, and the total dollar amount of assistance given. The report must be filed with the Office of the Attorney General alongside either a Community Benefits Plan Report or a Worksheet C Part I from Medicare Cost Reports. Additionally, it requires documentation of eligibility policies and any electronic technology used in processing applications.

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What is an example of financial assistance?

The financial assistance may be in the form of guarantees, loans, cost-sharing arrangements, subsidies, or welfare payments. Tax allowances, grants, and government bailouts of struggling companies are also examples of financial assistance.

What are the three types of financial assistance that can be applied?

There are three types of financial assistance that may be offered for payment of your educational expenses: scholarships/grants, loans, and labor earnings.

What qualifies as federal financial assistance?

Thus, \u201cfederal financial assistance\u201d means assistance in the form of any grant, loan, or contract (other than a contract of insurance or guaranty). See 42 U.S.C. § 2000d-4. This includes use of equipment, donations of surplus property, and other forms of assistance.

What is a financial assistance?

Financial assistance means any form of direct, insured or guaranteed loan, including reamortization and assumption on new terms of any loan, any form of grant, or other form of direct or indirect assistance extended by the Agency.

What are 3 types of financial assistance that can be applied for after Grade 12 to study?

There are three types of financial assistance that may be offered for payment of your educational expenses: scholarships/grants, loans, and labor earnings.

What is an example of financial assistance?

What are the three types of financial assistance?

Grants, work-study, loans, and scholarships help make college or career school affordable.

What are the types of assistance?

Types of Assistance Need-based financial aid. The vast majority of financial assistance is need-based grants. ... Merit awards. Some schools offer special merit awards, or scholarships, based on criteria other than economic need. ... Payment plans. ... Loan programs. ... Sibling and Employee discounts.

What are the 2 types of financial assistance that can be applied for after Grade 12 to study?

6 Types of Financial Assistance that can be applied for after Grade 12 to study #1 Bursary. A bursary is money that you are awarded to enable you to complete your studies at a higher education institution. #2 Scholarship. ... #3 Sector Education Training Authority (SETA) ... #4 Learnership. ... #5 Apprenticeship. ... #6 Internship.

What is the most common type of financial aid?

Loans. Loans are one of the most common college financing options. However, not all loans are the same, and there are two different types of student loans for college: federal and private.

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