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Iowa College Student Aid Commission
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Home | Loan Forgiveness | Iowa Registered Nurse and Nurse Educator Loan Forgiveness Program
Iowa Registered Nurse and Nurse Educator Loan Forgiveness Program
The State of Iowa offers loan repayment assistance to registered nurses employed in Iowa and nurse educators teaching at eligible Iowa colleges and universities.
The State of Iowa offers loan repayment assistance to registered nurses employed in Iowa and nurse educators teaching at eligible Iowa colleges and universities.
Eligibility criteria:
Nurse educator applicants will be given priority. If funding does not permit all applicants to receive repayment benefits, criteria for selection of recipients will be prioritized as follows: first for nurse educators, then for registered nurses.
Recipients must reapply annually** by completing the Loan Forgiveness portion of the Iowa Financial Aid Application. The application will be available online beginning January 1 and applications must be submitted by March 31 to guarantee consideration.
- Must be a nurse educator who hold master's, specialist's, or doctorate degrees and is employed by eligible Iowa colleges or universities; or a registered nurse who is employed as a nurse in Iowa.
- Must have been first employed as nurse educator or registered nurse in Iowa no earlier than July 1, 2007.
- Must owe a balance on an eligible federal student loan (Stafford or Consolidation). If outstanding loan balance is less than the maximum forgiveness award, the amount awarded will not exceed the applicant's outstanding principal and interest.
- The maximum annual award is 20% of the recipient's total eligible federal student loan balance, including principal and interest
- The maximum award cannot exceed the average resident tuition rate established for students attending Iowa's Regent Universities for the first year following the recipient's graduation
- For 2012 graduates, the maximum award is $6,658
Nurse educator applicants will be given priority. If funding does not permit all applicants to receive repayment benefits, criteria for selection of recipients will be prioritized as follows: first for nurse educators, then for registered nurses.
- Applicant renewal status
- Full-time employment
- Iowa residency status (Priority ranking only: you do not need to be an Iowa resident to apply)
- Date of application
Recipients must reapply annually** by completing the Loan Forgiveness portion of the Iowa Financial Aid Application. The application will be available online beginning January 1 and applications must be submitted by March 31 to guarantee consideration.
- Complete the online Iowa Financial Aid Application
- Iowa College Aid will verify an applicant's qualified nursing service by contacting each applicant's employer. The applicant's nursing service must be verified in order for the applicant to receive an award.
Only applications that are received by the priority deadline will be considered.