If the recipient of a loan under this subchapter ceases to be enrolled in good standing in a recognized school of nursing before completing the education requirements to qualify as a registered nurse, licensed practical nurse, or nursing educator, the principal and interest of all loans made under this subchapter to the recipient shall become due and payable immediately or as provided in the loan agreement.
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