Priority is given to undergraduate students. Up to total loan forgiveness is possible for teaching in low-income population areas, teaching the disabled or teaching in a federal Head Start program. Additional loan cancellation conditions exist. Preference given to LPN students. Principal and interest payments begin 12 months after the student graduates, withdraws or drops to less than half-time attendance.
Limited funding is available.
Monthly principal and interest payments begin six months after the student graduates, withdraws or drops to less than half-time attendance. The federal government pays the interest during your time of enrollment. Student is responsible for selecting a lender from the Preferred List of Lenders. A separate loan application and promissory note will then be mailed to the student from their selected preferred lender. The student will then submit the loan application and promissory note to the lender for processing.