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General Information

Name Nursing Student Loan
Number of Awards
Award Value $250 - $3,000
Award Type Loan
Accept Applications
Renewable
Scholarship Links More Information
Application

Contact Information

Contact Cindy Lehrman
Wisconsin Higher Educational Aids Board
Post Office Box 7885
Madison, Wisconsin 53707
Phone (608)267-2209
Fax
Email cindy.lehrman@heab.state.wi.us

Scholarship Description

The Nursing Student Loan Program provides loans to Wisconsin residents who are enrolled at least half-time at an eligible in-state institution that prepares them to be licensed as nurses, either RN or LPN. The maximum award per year is $3,000 with an overall maximum of $15,000. The student who participates in this program must agree to be employed as a licensed nurse in Wisconsin. For each of the first two years the student works as a nurse and meets the eligibility criteria, 25% of the loan is forgiven. The balance remaining after forgiveness must be repaid at an interest rate of 5%. If the student does not practice nursing and meet the eligibility criteria, the loan must be repaid at an interest rate of 5%.