Section 183-6-005 - LOAN FORGIVENESSProvisions for allowing loan forgiveness include 2 years of instruction.
005.012 YEARS OF INSTRUCTION. A $5,000 loan issued under this chapter is forgiven upon verification that the recipient has engaged in full-time nursing instruction in an approved nursing program in Nebraska for 2 academic years. There is no loan forgiveness for partial years of instruction. For recipients of a second $5,000 loan, the second $5,000 is forgiven upon verification of an additional 2 academic years of full-time nursing instruction. For recipients of a third $5,000 loan, the third $5,000 is forgiven upon verification of 2 more academic years of full-time nursing for a total of 6 academic years of full-time nursing instruction.005.02VERIFICATION OF INSTRUCTION. Verification of full-time instruction by the employer or other qualified person serves as the basis for determining that a recipient has met the requirement for loan forgiveness.005.03CONFIRMATION OF LOAN FORGIVENESS. Confirmation of loan forgiveness will be mailed to the recipient at his or her current address of record.183 Neb. Admin. Code, ch. 6, § 005
Amended effective 10/4/2020