Arkansas Code Title 6, Subtitle 6, Chapter 81, Subchapter 14 - Nursing Student Loan Program

• § 6-81-1401 - Nursing Student Loan Program Funding.
  (a) Cash funds for the Nursing Student Loan Program shall consist of: (1) Funds appropriated for the Nursing Student Loan Program; (2) Federal funds;...
• § 6-81-1402 - Program Established -- Administration.
  There is established a Nursing Student Loan Program, to be administered by the Arkansas State Board of Nursing in accordance with the provisions of...
• § 6-81-1403 - Arkansas State Board of Nursing -- Powers and Duties.
  (a) The Arkansas State Board of Nursing shall: (1) Prescribe forms to be used in the Nursing Student Loan Program; (2) Regulate the submission...
• § 6-81-1404 - Eligibility and Requirements for Loans.
  (a) Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a...
• § 6-81-1405 - Amount of Loans -- Maximum.
  (a) The Arkansas State Board of Nursing may make a loan to any applicant in an amount calculated to pay the applicant's tuition, maintenance,...
• § 6-81-1406 - Term of Loans.
  Each loan made to an applicant under this subchapter shall be for one (1) academic year.
• § 6-81-1407 - Renewal.
  (a) Subject to the availability of funds, each loan made to an applicant under this subchapter shall be renewable annually for the number of...
• § 6-81-1408 - Written Contract Required.
  Each recipient of a loan under the provisions of this subchapter shall execute a written loan contract with the Arkansas State Board of Nursing...
• § 6-81-1409 - Cancellation of Principal and Interest.
  Each loan contract shall include a provision that if the recipient completes his or her nursing education and qualification as a registered nurse, licensed...
• § 6-81-1410 - Borrower's Loss of Good Standing -- Acceleration of Due Date.
  If the recipient of a loan under this subchapter ceases to be enrolled in good standing in a recognized school of nursing before completing...
• § 6-81-1411 - Repayment -- Interest.
  (a) A recipient of a loan under this subchapter shall repay each loan together with interest at the maximum rate allowed by Arkansas law...
• § 6-81-1412 - Rules.
  The Arkansas State Board of Nursing shall adopt reasonable rules consistent with this subchapter to effectively and efficiently carry out the purposes of this

Last modified: November 15, 2016