“Eligible medical student” means a person who meets all of the following qualifications:
         (a) he or she is an Illinois resident at the time of
    
application for a scholarship under the program established by this Act;
        (b) he or she is studying medicine in a medical
    
school located in Illinois or studying chiropractic medicine in a chiropractic college or institution in Illinois;
        (c) he or she exhibits financial need as determined
    
by the Department; and
        (d) he or she agrees to practice full-time in a
    
Designated Shortage Area as a primary care physician, general surgeon, emergency medicine physician, obstetrician, or chiropractic physician one year for each year he or she is a scholarship recipient.