183 Neb. Admin. Code, ch. 6, § 006

Current through September 17, 2024

Section 183-6-006 - REPAYMENT OF LOAN

Provisions for repayment of loans are found in Neb. Rev. Stat. § 71-17,111 and this chapter.

006.01INAPPROPRIATE USE OF LOAN FUNDS. If the nursing program or Department determines that a recipient has inappropriately used loan funds based on Neb. Rev. Stat. § 71-17,111, the recipient must:

(A) Repay 100% of the outstanding loan principal with simple interest at a rate 1 point below the prime interest rate. Interest accrues beginning on the date the inappropriate use of funds first occurred;

(B) Commence repayment within 6 months after the date the inappropriate use first occurred; and

(C) Complete repayment within the number of years for which loan or loans were awarded.

006.02VERIFICATION OF ENROLLMENT. To verify continued enrollment, an accredited masters or doctoral nursing program must respond to a request from the Department to verify student status for each loan recipient by verifying that each student:

(A) Remains currently enrolled;

(B) Has completed the program and the date of completion; or,

(C) Has discontinued enrollment and the date of discontinuance.

006.03VERIFICATION OF NURSING INSTRUCTION. Upon engagement in nursing instruction following graduation from the program for which the loan was awarded, the loan recipient must submit to the Department written verification signed by the employer or other qualified persons indicating the institution of instruction and that the recipient is engaged in full-time nursing instruction in Nebraska. The recipient may have more than 1 employer or instruction arrangement, but must engage in nursing instruction for the equivalent of full-time instruction. Verification of instruction must be repeated each time the recipient changes or adds an employer or instruction arrangement.

006.04VERIFICATION OF CONTINUED INSTRUCTION. Each loan recipient must submit to the Department a semi-annual verification of instruction status. The verification must be signed by the recipient's employer or employers or other qualified persons and must indicate:

(A) That the recipient continues to be engaged in full-time nursing instruction in Nebraska; and

(B) That the recipient was engaged in full-time nursing instruction during the previous 6-month period; or

(C) That the recipient has left instruction and the last date of instruction.

006.05APPROVED LEAVE. Leave approved by an employer, such as sick leave, maternity leave, vacation leave, leave for military service, jury duty, or family medical leave, regardless of whether the leave is paid or unpaid, does not place the loan in repayment status. If the employer verifies that the loan recipient was on approved leave during all or a portion of an academic semester, that semester will not count toward instruction time required for loan forgiveness.

006.06DEFERMENT FOR ADVANCED STUDY. Following graduation from the program for which a loan was received, if a recipient discontinues full-time nursing instruction and enrolls in advanced study to pursue an additional degree in nursing, the instruction requirement is deferred until the recipient completes the additional degree or discontinues enrollment. The period of instruction completed prior to enrollment for advanced study will be retained on file by the Department for the purposes of loan forgiveness at the time the recipient returns to full-time nursing instruction.

183 Neb. Admin. Code, ch. 6, § 006

Amended effective 10/4/2020