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