Iowa Student Loan Nursing Education Loan Forgiveness Program

Requirements

Recipient Requirements

Recipients of the Iowa Student Loan Nursing Education Loan Forgiveness Program must:

• Graduate and pass the required National Council Licensing Examination for Registered Nurses.
• Be employed full time, as defined by the employer, as a nursing educator* in Iowa, or registered nurse providing direct patient care in Iowa within 12 months of graduation.
• Have one or more outstanding student loans in the following categories:

  Loans Owned or Serviced by Iowa Student Loan	Other Qualifying Federal Loans
  Federal Family Education Loan Program (FFELP) subsidized or unsubsidized Stafford Loans	FFELP subsidized or unsubsidized Stafford Loans owned or serviced by an entity other than Iowa Student Loan (U.S. Department of Education servicers)
  Federal Consolidation Loans, including loans in the William D. Ford Federal Direct Loan Program (Direct Loan), consolidated with Iowa Student Loan	Direct Loan subsidized or unsubsidized Stafford Loans (including Direct Consolidation Loans) owned and serviced by Direct Loan
  Private student loans	Other types of federal student loans eligible for a Federal Consolidation Loan
  If you are unsure whether your loan qualifies for forgiveness benefits, please call Iowa Student Loan at (800) 243-7552, ext. 7656.

• Complete and submit all required forms and supporting documents. See Program Forms.

^*Part-time employment may qualify for partial-year forgiveness (nurse educators only).

Eligible Loan Forgiveness Employment Areas in Iowa

To qualify for the program benefits, applicants approved in the fall of 2008 or later must teach full-time as nurse educators* or work full-time as RNs in long-term care facilities in any Iowa county.

See eligible employment areas for recipients approved from fall 2004 through spring 2008.

^*Part-time employment may qualify for partial-year forgiveness (nurse educators only).