Tenn. Comp. R. & Regs. 1640-01-03-.01 - INTRODUCTION
(1) These rules implement the Tennessee
Graduate Nursing Loan Forgiveness Program authorized in T.C.A. §
49-4-702 in 2006 Public Acts,
Chapter 882 (hereinafter called the Act). The Act makes provision for loans and
loan forgiveness to certain candidates for master's and post-master's degrees
in nursing education. Loan forgiveness requires employment as a teacher or
administrator in a Tennessee nursing education program at an eligible
postsecondary institution upon completion of the program of study.
(2) While the Act refers to the program as a
"loan-scholarship," the Tennessee Student Assistance Corporation interprets the
Act as establishing a loan forgiveness program because the Act requires the
recipient to sign a promissory note that stipulates a repayment obligation. To
avoid confusion, the working title of the program shall be the "Tennessee
Graduate Nursing Loan Forgiveness Program.
Notes
Authority: T.C.A. §§ 49-4-201, 49-4-203, 49-4-204, 49-4-702 and 2006 Tenn. Pub. Acts Ch. 882.
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