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6-81-1203. Graduate nursing students — Eligibility for rural advanced nursing practice and nurse educator loans.
Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-1203. Graduate nursing students — Eligibility for rural advanced nursing practice and nurse educator loans.
(a) The Graduate Nurse Educator Loan and Scholarship Board may make advanced nursing practice or nurse educator loans to an applicant, each advanced nursing practice or nurse educator loan being expressly made subject to the provisions of § 6-81-1204 if it finds that:
(1) The applicant is a bona fide resident of Arkansas;
(2) The applicant has been accepted for admission to or is enrolled in good standing in an accredited master's or doctoral nursing program or doctor of philosophy in nursing program in the state leading to a graduate degree in nursing;
(3) The applicant is or will be a full-time or a part-time graduate student;
(4) The applicant needs financial assistance to complete his or her nursing studies;
(5) The applicant desires to practice advanced nursing practice in an Arkansas community or teach nursing in an Arkansas school of nursing; and
(6) The applicant is a person of good moral character and one who has the talent and capacity to profit by graduate nursing studies.
(b)(1) Subject to the availability of funds, an initial rural advanced nursing practice or nurse educator loan for one (1) academic year shall be renewable annually for the number of years required to complete studies leading to a master's in nursing or doctor of philosophy in nursing degree, not to exceed the maximum amount specified in § 6-81-1204.
(2) All subsequent rural advanced nursing practice or nurse educator loans shall be granted only upon application by the recipient and a finding by the board that:
(A) The applicant has completed successfully the advanced nursing studies of the preceding academic year and remains in good standing as an enrolled st
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1203
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Stable record: arkansas_code:legal_authorities:6-81-1203
Source file: gov.ar.code.title.06.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 4ed0ed1b1c0859daf8205488d7c19bbf1d475d843d86b880365d2e78653089c8
Source location: content.xml paragraph 43445
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6-81-1203. Graduate nursing students — Eligibility for rural advanced nursing practice and nurse educator loans.
(a) The Graduate Nurse Educator Loan and Scholarship Board may make advanced nursing practice or nurse educator loans to an applicant, each advanced nursing practice or nurse educator loan being expressly made subject to the provisions of § 6-81-1204 if it finds that:
(1) The applicant is a bona fide resident of Arkansas;
(2) The applicant has been accepted for admission to or is enrolled in good standing in an accredited master's or doctoral nursing program or doctor of philosophy in nursing program in the state leading to a graduate degree in nursing;
(3) The applicant is or will be a full-time or a part-time graduate student;
(4) The applicant needs financial assistance to complete his or her nursing studies;
(5) The applicant desires to practice advanced nursing practice in an Arkansas community or teach nursing in an Arkansas school of nursing; and
(6) The applicant is a person of good moral character and one who has the talent and capacity to profit by graduate nursing studies.
(b)(1) Subject to the availability of funds, an initial rural advanced nursing practice or nurse educator loan for one (1) academic year shall be renewable annually for the number of years required to complete studies leading to a master's in nursing or doctor of philosophy in nursing degree, not to exceed the maximum amount specified in § 6-81-1204.
(2) All subsequent rural advanced nursing practice or nurse educator loans shall be granted only upon application by the recipient and a finding by the board that:
(A) The applicant has completed successfully the advanced nursing studies of the preceding academic year and remains in good standing as an enrolled student in an accredited master's program or a doctor of philosophy in nursing program in the state;
(B) The applicant continues to be a resident of Arkansas; and
(C) The applicant's financial situation continues to warrant financial assistance made under the conditions of this section.
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Arkansas Code — all titles (historical 2020) · legal_authorities
6-81-1204. Graduate nursing students — Rural advanced nursing practice or nurse educator loan contracts — Obligations and conditions.
(a)(1)(A) The maximum amount of each master's rural advanced nursing practice or nurse educator loan for full-time applicants shall not exceed eight thousand dollars ($8,000) per academic year.
(B) The maximum amount of each Doctor of Philosophy in nursing loan for full-time applicants shall not exceed twenty thousand dollars ($20,000) per academic year.
(C) Loans for part-time applicants shall be prorated as determined by the Graduate Nurse Educator Loan and Scholarship Board.
(2)(A) The maximum number of years a master's recipient may receive funding shall not exceed two (2) years or four (4) regular academic semesters of full-time enrollment or four (4) years or eight (8) regular academic semesters of part-time enrollment.
(B) The maximum number of years a doctoral recipient may receive funding shall not exceed four (4) years or eight (8) regular academic semesters of full-time enrollment or six (6) years or twelve (12) regular academic semesters of part-time enrollment.
(b)(1) The board shall enter a loan contract with the applicant to whom a rural advanced nursing practice or nurse educator loan is made.
(2) The rural advanced nursing practice or nurse educator loan contract shall be approved by the Attorney General and shall be signed by the Chair of the Graduate Nurse Educator Loan and Scholarship Board and the applicant.
(c) Each applicant to whom an advanced nursing practice or nurse educator loan or loans is granted by the board shall execute a written loan contract which shall incorporate the following obligations and conditions:
(1)(A)(i) The recipient of an advanced nursing practice or nurse educator loan or
Source: Arkansas Code — historical release 78 (November 6, 2020) · 6-81-1204
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 6-81-1204. This identifies an authority to review, not proof of applicability.