Ala. Admin. Code r. 610-X-16-.03 - Loan Conditions
(1)
Loans may be awarded for multiple years of graduate study, as specified in
statute.
(2) Each loan is limited
to a maximum of fifteen thousand dollars ($15,000).
(3) Participants shall be selected from the
state of Alabama at large and, to the extent practicable, distributed
throughout the State.
(4)
Participants shall agree. to provide verification of employment when requested
by the Board.
(5) Participants
shall sign a contract to repay the amount of the loan by working following
graduation as full-time instructors in qualified nursing education programs for
the time required in Code of Ala. 1975, §
34-21-152.
(6) Participants shall notify the Board if
any of the following conditions apply:
(a)
Failure to complete the graduate nursing program when anticipated.
(b) Relocation.
(c) Employment following graduation from the
graduate nursing program, as provided in this chapter.
(d) Failure to complete the minimum number of
academic hours required by the loan repayment agreement.
(e) Withdrawal from the graduate nursing
program.
(f) Termination of
employment during the period of obligation.
(7) The Boards shall develop and prescript
such forms of application, agreements, or other documents as may be necessary
to implement this chapter.
Notes
Author: Alabama Board of Nursing
Statutory Authority: Code of Ala. 1975, § 34-21-152.
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