Nurse Education Assistance Loan Program (NEALP)

Important Announcement:

Students are now able to access and view accounts; if you have forgotten your username and/or password you may contact the NEALP Program Manager Lisa Reed by calling 614-466-3561 or emailing lreed@regents.state.oh.us. Students will be able to apply for the upcoming 2014-2015 school year after January 1st, 2014 with a deadline of July 15th, 2014.

 

What is NEALP?

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. NEALP provides funding for nurses who intend to serve as instructors or students who intend to serve as nurses after graduation.

NEALP for: Future Nurses | Future Instructors

 

The Nurse Education Assistance Loan Program Information for Future Nurses

  • Nurse Education Assistance Loan Program funding for Future Nurses.
  • Provides financial assistance to Ohio students enrolled for at least half-time study (or accepted for enrollment) in approved Ohio pre-licensure nurse education program who intend to serve as nurses after graduation.
  • Funding Type: Loan.
  • Funding is provided by an educational surcharge on the biennial licensure renewal fee paid by all licensed LPN’s and RN’s.
  • annual award for most recent academic year was $1,500/year.
  • Awards based on EFC.
  • Recipient must serve as a fulltime nurse in Ohio for five years to qualify for 100 percent loan cancellation.

About the Program

The Nurse Education Assistance Loan Program (NEALP) was created by the Ohio General Assembly in 1990.  The purpose of NEALP is to assist 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 approved Ohio pre-licensure nurse education program who intend to serve as nurses after graduation. The annual award for most recent academic year was $1,500/year. In exchange, to qualify for loan cancellation, recipients must be employed full-time as a registered nurse or licensed practical nurse in the State of Ohio for a minimum of five years after graduation.

Note: Due to limited funding available and the continued abundance of practicing LPNs, NEALP will once again make awards for the 2013-2014 academic year only to RN and nurse instructor candidates.  

Steps to Apply

  1. Go here to complete the Free Application for Federal Student Aid. 
  2. Go here and follow the instructions to complete the NEALP application process. 
    (Please Note: NEALP does not automatically renew; students need to reapply annually)

Feel free to call 614-466-3561 with any questions.

NEALP Awarding

Applicants will be awarded NEALP funding based on information received from the applicant’s institution, FAFSA data, and information from the NEALP application.  Applicants are ranked based on FAFSA data, those that demonstrate the highest level of need are awarded first.  Awarding continues from the next neediest student until funds are depleted for the year.  If sufficient funds are available, as determined by the Ohio Board of Regents, loan assistance will be awarded to all eligible applicants. 

Eligibility Requirements

An applicant must:

  • Be an Ohio resident.
  • Be a U.S. citizen or a permanent resident.
  • Be enrolled in or be accepted for enrollment approved nurse education programs in Ohio colleges, universities, hospitals, or vocational schools.
  • Not be in default or owe a refund to any Federal Financial Aid program.
  • Maintain an academic record which places the student in good academic standings within the institution.

Is There a Deadline?

Students may apply after January 1 and before July 15th of each year. Notification of acceptance or denial for NEALP funding will be sent by the first week in September.

 

The Nurse Education Assistance Loan Program Information for Future Nurse Instructors

  • Nurse Education Assistance Loan Program funding for Future Instructors.
  • Provides financial assistance to Ohio registered nurses enrolled in approved Ohio post-licensure nurse education programs who intend to serve as nurse faculty after graduation.
  • Funding Type: Loan.
  • Funding is provided by an educational surcharge on the biennial licensure renewal fee paid by all licensed LPN’s and RN’s.
  • Minimum Award is $5,000/year.
  • Loans are awarded on a first come, first serve basis until funding has been depleted for the year.
  • Recipient must serve as a nurse faculty member in Ohio for four years to qualify for 100 percent loan cancellation.

About the Program

The Nurse Education Assistance Loan Program (NEALP) was created by the Ohio General Assembly in 1990. The purpose of NEALP is to assist the state in meeting nursing shortages by providing financial assistance to students enrolled in approved post licensure nurse education programs in Ohio. NEALP provides at least $5,000 or more (depending on the number of eligible applicants) per year. In exchange, to qualify for loan cancellation, recipients must be employed as a faculty member instructing licensed practical nursing and/or registered nursing course work to future nurses in the State of Ohio for a minimum of four years after graduation.

Note: Due to limited funding available and the continued abundance of practicing LPNs, NEALP will once again make awards for the 2013-2014 academic year only to RN and nurse instructor candidates.

Steps to Apply

  1. Go here to complete the Free Application for Federal Student Aid. 
  2. Go here and follow the instructions to complete the NEALP application process. 
    (Please Note: NEALP does not automatically renew; students need to reapply annually)

Feel free to call 614-466-3561 with any questions.

NEALP Awarding

Applicants will be awarded NFFGP funding on a first come, first serve basis in accordance with applicable state and federal rules until funding is depleted for the year.  If sufficient funds are available, as determined by the Ohio Board of Regents, loan assistance will be awarded to all eligible applicants.  Each applicant must commit to accepting a faculty teaching position upon graduation and must teach at a participating university within the State of Ohio for no less than four years following graduation. 

Eligibility Requirements

An applicant must:

  • Be an Ohio resident.
  • Be a U.S. citizen or a permanent resident.
  • Be a registered nurse.
  • Be enrolled in or be accepted for enrollment in a participating university Master’s degree nurse education program prior to receiving NEALP funds.
  • Provide a letter of intent stating that the applicant will serve as a faculty teaching instructor upon graduation and must teach at a participating university within the state of Ohio for no less than four (4) years following graduation. 
  • Not be in default or owe a refund to any Federal Financial Aid program.
  • Maintain an academic record which places the student in good academic standings within the institution.

Is There a Deadline?

Students may apply after January 1 and before July 15 of each year. Notification of acceptance or denial for NEALP funding will be sent by the first week in September.

 

Requirements of NEALP Recipients

To qualify for loan forgiveness the borrower must secure full-time employment in the direct clinical practice of nursing in Ohio, or as a faculty member for a prelicensure or postlicensure program for nursing, within a period not to exceed six months following graduation from the approved nurse education program.

  • Student must annually submit a work verification form to the NEALP Program Manager. Submissions can be sent via fax to 614.752.5903 or US Postal Mail to 25 S. Front Street, Columbus, Ohio 43215.
  • The NEALP Work Verification Form can be found here (PDF)
  • The NEALP Student Inquiry Form can be found here (PDF)

Student must contact NEALP Program Manager, if any of the following occur:

  • Student fails to enroll in a nursing program for a period for which the loan was intended;
  • Graduates, drops to less than half-time status or withdraws from school;
  • Graduates earlier than anticipated;
  • Has a change or extension in their course of study;
  • Secures full-time employment as a nurse.

The NEALP award amount is required to be repaid, in full with interest, to the Ohio Attorney General’s Office, if one or more of the following occur:

  • Borrower drops out of school without approved deferment;
  • Borrower is not in good academic standing for more than two consecutive terms;
  • Borrower drops out of the approved nurse education program;
  • Borrower fails to complete the total service obligation.