Nurse Education Assistance Loan Program (NEALP) Loan
The Nurse Education Assistance Loan Program (NEALP) provides financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in an approved Ohio nurse education program. This is a state program for nursing students who, upon completion of their education, plan to practice nursing in the state of Ohio. The loan is based on financial need. After graduation, the student may be eligible for loan forgiveness at the rate of 20% per year and a maximum loan cancellation of 100%. Recipient must serve as a fulltime nurse in Ohio for five years to qualify for 100 percent loan cancellation. For more information, call the Ohio Board of Regents State Grants and Scholarships Office at 1-614-466-6000.
Award amount: Up to $1,500 per year, which may be renewed for a maximum of four years and a total loan balance of $6,000.
Enrollment required: A minimum of 6 credit hours
NEALP application forms are available online at www.ohiohighered.org/nealp. Applications for 2016-17 can be submitted between January 1, 2016 and July 15, 2016 to the Ohio Department of Education. Students must complete the Free Application for Federal Student Aid (FAFSA) and submit the results as part of the application.
For complete program details or to complete your NEALP application, visit www.ohiohighered.org/nealp