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  Answer ID  
263
  Products  
  Answers.hrsa.gov
  Category  
  Nursing Education Loan Repayment
    Eligible Loans
  Date Created  
12/20/2004 01:42 PM
  Last Updated  
03/25/2008 12:29 PM

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  Examples of Loans Ineligible for Nursing Education Loan Repayment
  Question
 

What are some examples of loans not eligible for repayment through the Nursing Education Loan Repayment Program?

  Answer
 

Some examples of loans not eligible for repayment through the Nursing Education Loan Repayment Program include the following:

  • loans for which the applicant incurred a service obligation to serve as a nurse, which will not be fulfilled by the application date;
  • loans obtained for training in vocational or practical nursing (LPN);
  • loans obtained from family members, or private institutions not subject to Federal or State examination and supervision as lenders;
  • loans made prior to or after the applicant's nursing education;
  • loans that have been paid in full;
  • any portion of a consolidated/refinanced educational loan that is not clearly identified as being for reasonable educational expenses and reasonable living expenses incurred for qualifying nursing education by the applicant, or any consolidated/refinanced loan that includes non-educational debt or another person's loans;
  • credit card payments for nursing education expenses;
  • Parent Plus Loans
  • Federal Perkins Loans (unless the applicant can provide documentation from the school or lender that the loan is not subject to cancellation);
  • Loans not obtained from a government loan program, aswell as commercial loans obtained from entities that are not subject to Federal or State Examination and supervision as lenders: or; Loans obtained for non-nursing education.

 
 
 
  
 
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