Section 183-6-004 - ISSUANCE OF LOANSThe Department will notify all accredited masters and doctoral nursing programs in Nebraska of the number of loans to be awarded to each program and the date by which the program's recommendations for loan awards must be submitted to the Department. Each accredited masters and doctoral nursing program must submit to the Department within 30 days of the date of notification:
(A) A list of students recommended to receive a $5,000 loan from the Department for the current academic year. The number of students to be included on the list will be included in the notification from the Department;(B) Verification of the academic 1-year period for which the loan is to be awarded; and(C) Loan agreements, as provided by the Department, signed by each student on the list. Terms of the agreement must include:(i) Agreement to engage in full-time nursing instruction in an approved nursing program for 2 years for each year a loan is received; (ii) Provisions specifying the conditions under which the loan must be repaid and the time frame for repayment; (iii) Provisions for reporting employment in nursing instruction to the Department; and(iv) Attestation that the student has not previously received a loan under this chapter or if a loan was received, the total amount previously received.183 Neb. Admin. Code, ch. 6, § 004
Amended effective 10/4/2020