(a) The Arkansas State Board of Nursing may make a loan to any applicant in an amount calculated to pay the applicant's tuition, maintenance, and other education expenses while he or she is enrolled in a program of nursing education as described in this subchapter.
(b) The total of the loans made to any one (1) student under this subchapter shall not exceed twenty thousand dollars ($20,000).
Structure Arkansas Code
Subtitle 6 - Postsecondary Education — Financial Assistance Programs
Subchapter 14 - Nursing Student Loan Program
§ 6-81-1401. Nursing Student Loan Program funding
§ 6-81-1402. Program established — Administration
§ 6-81-1403. Arkansas State Board of Nursing — Powers and duties
§ 6-81-1404. Eligibility and requirements for loans
§ 6-81-1405. Amount of loans — Maximum
§ 6-81-1408. Written contract required
§ 6-81-1409. Cancellation of principal and interest
§ 6-81-1410. Borrower's loss of good standing — Acceleration of due date