The Nurse Education Assistance Loan Program (NEALP) provides financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in an approved Ohio nurse education program.
Award may be renewed up to 4 times. Recipients may be eligible for loan cancellation at a rate of 20% per year for a maximum of five years if the recipient is employed in the clinical practice of nursing in the State of Ohio. The maximum loan forgiveness is 100%.
If funding is not available to award loans to all eligible NEALP applicants, first-time awards will be made on the basis of "relative financial need" as indicated by federal guidelines.