Ark. Code Ann. § 17-2-105: Scholarships

Except as provided for rural medical practice student loans and scholarships under § 6-81-701 et seq., a state authority shall not suspend or revoke a license that has been issued to an individual solely on the basis of that individual's being:

(1) In default on the satisfaction of the requirements and conditions of a scholarship; or

(2) Delinquent in the satisfaction of the requirements and conditions of a scholarship.