If your dream is to become a Registered Nurse (RN) or a nursing instructor, then perhaps you should consider applying for the Nurse Education Assistance Loan Program (NEALP).
The Nurse Education Assistance Loan Program (NEALP) was created by the Ohio General Assembly in 1990 and provides financial assistance to Ohio students enrolled for at least half-time in an approved Ohio nursing education program. The purpose of this program is to provide funding for nurses who intend to serve as instructors or students who intend to serve as nurses after graduation.
NEALP also assists the state in meeting nursing shortages by providing financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in an approved Ohio pre-licensure nursing education program who intend to serve as nurses after graduation.
Due to an abundance of practicing LPNs, NEALP will make awards for the 2019-2020 academic year only to RN and nursing instructor candidates.
The eligibility requirements for the NEALP include being an Ohio resident, as well as being a U.S. citizen or permanent resident.
In addition, candidates must be enrolled in or be accepted for enrollment to an approved nursing education program in an Ohio college, university, hospital, or vocational school.
Applicants cannot be in default or owe a refund to any Federal Financial Aid program, and they must maintain an academic record which places the student in good academic standings with the institution.
To apply for this program, you'll need to follow three steps:
There are several factors that come into play when determining a winner. Applicants who demonstrate the highest level of need will be awarded first until the funds are depleted for the year. Loans may be awarded for a maximum of 12 quarters or eight semesters, and the total loan amount shall not exceed $12,000.
Students who meet the eligibility requirements may apply after January 1 and before July 15 of each year. Notification of acceptance or denial for NEALP funding will be sent the first week of September.
For more information on NEALP, you can visit their website or call (614) 466-3561.