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Iowa Student Loan Nursing Education Loan Forgiveness Program
Benefits Schedule
The schedule below applies to applicants approved during the following academic years:
- 2004 – 2005
- 2005 – 2006
- 2006 – 2007
- 2007 – 2008
Note: Shortage areas that are eligible for loan forgiveness may vary, depending upon the award year for which an applicant was approved
| Years of Employment |
Forgiveness % |
Nursing Educator |
RN Long-Term Care Facilities |
RN Rural Counties |
RN All Other Urban Counties |
| 1 |
15% |
$3,000 |
$2,250 |
$1,500 |
$750 |
| 2 |
25% |
$5,000 |
$3,750 |
$2,500 |
$1,250 |
| 3 |
30% |
$6,000 |
$4,500 |
$3,000 |
$1,500 |
| 4 |
30% |
$6,000 |
$4,500 |
$3,000 |
$1,500 |
| Total |
100% |
$20,000 |
$15,000 |
$10,000 |
$5,000 |
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