Section 183-5-005 - ISSUANCE OF LOANSEach approved nursing program must submit to the Department within 30 days of the date of notification of loan monies:
(A) A list of students recommended to receive a $1,000 loan from the Department for the current academic year; and(B) 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 the practice of nursing in the State of Nebraska for the equivalent of 1 year of full-time practice for each year a loan is received:(ii) Provisions specifying the conditions under which the loan must be repaid and the timeframe for repayment;(iii) Provisions for reporting practice status to the Department: and(iv) Attestation that the student has not previously received a loan under the Act or if a loan was received, the total amount previously received.183 Neb. Admin. Code, ch. 5, § 005
Amended effective 10/4/2020