A scholarship program called Nurse Education Assistance Loan Program (NEALP) for Future Nurses is a forgivable loan that was specifically established to give financial aid to the Registered Nurses who are residents of Ohio. In order to qualify for this scholarship program, the candidate is required to be enrolled in a recognized post- licensure nurse education program in the state of Ohio, and that he or she must agree to work as a nurse faculty after graduating from the program.
The recipient needs to be an employed as a faculty member who teaches licensed practical nursing and or registered nursing coursework to the future nurses of Ohio in order to be eligible for the loan cancellation. The recipient is required to teach for at least 4 years after graduation, and the amount that the Nurse Education Assistance Loan Program for Future Nurse Instructors provides is worth $5,000 which is given every year. The monetary award is not renewable automatically but the recipient may reapply per year.
The number of awards that this scholarship program gives varies each year as funding is decided on a first come first serve basis and is also based on the current state and federal laws until the funding recedes for the given year. If however there are enough funds remaining, then all the other applicants who are qualified for the scholarship may get their chance to become recipients. This is decide by the Ohio Board of Regents.
Application can be accessed on the program’s website, but the candidate must first submit a Free Application for Federal Student Aid. Along with the application, other supporting documents must be submitted as well.