The student must be a resident of Georgia and accepted into the Nursing Program. This program provides loans to parents on behalf of their dependent student regardless of the parents' income. Repayments begin sixty days after the disbursement of funds. Interest rates are determined by federal regulations. Applications must be certified by the Financial Aid Office.
Regulations are subject to change by Congressional action.
Additional details are available on request. The Regents' Scholarship is available to academically superior students who have financial need. A high score on the SAT and a rank in the upper 25 percent of one's class are required. The obligation may be canceled by working in the State of Georgia after the student ceases to be at least a half-time student. If repayment is required, it may be made in cash, with interest.