Arkansas § 6-81-1404 Eligibility and requirements for loans

Arkansas Statutes

§ 6-81-1404 — Eligibility and requirements for loans

Arkansas § 6-81-1404

Title6

This text of Arkansas § 6-81-1404 (Eligibility and requirements for loans) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ark. Code Ann. § 6-81-1404 (2026).

Text

(a)Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in a course of study leading to qualification as a registered nurse, licensed practical nurse, or nursing educator shall be eligible to make application to the Arkansas State Board of Nursing for a loan under this subchapter.

(b)The board may, depending upon available funds, make a loan to an applicant under this subchapter when it determines that the applicant:

(1)Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator;

(2)War

Free access — add to your briefcase to read the full text and ask questions with AI

(a) Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in a course of study leading to qualification as a registered nurse, licensed practical nurse, or nursing educator shall be eligible to make application to the Arkansas State Board of Nursing for a loan under this subchapter. (b) The board may, depending upon available funds, make a loan to an applicant under this subchapter when it determines that the applicant: (1) Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator; (2) Warrants financial assistance to complete his or her nursing studies; (3) Has signed a written agreement to: (A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and (B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and (4) Is a lawful resident of the State of Arkansas.