{"data":{"id":"us-ar/ark.-code-ann.-6-81-1404","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 6-81-1404","heading":"Eligibility and requirements for loans","body":"(a) Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in a course of study leading to qualification as a registered nurse, licensed practical nurse, or nursing educator shall be eligible to make application to the Arkansas State Board of Nursing for a loan under this subchapter. (b) The board may, depending upon available funds, make a loan to an applicant under this subchapter when it determines that the applicant: (1) Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator; (2) Warrants financial assistance to complete his or her nursing studies; (3) Has signed a written agreement to: (A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and (B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and (4) Is a lawful resident of the State of Arkansas. Acts 2003, No. 84, § 6; 2009, No. 9, § 3.\n\n(a) Any person who is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in a course of study leading to qualification as a registered nurse, licensed practical nurse, or nursing educator shall be eligible to make application to the Arkansas State Board of Nursing for a loan under this subchapter.\n\n(b) The board may, depending upon available funds, make a loan to an applicant under this subchapter when it determines that the applicant: (1) Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator; (2) Warrants financial assistance to complete his or her nursing studies; (3) Has signed a written agreement to: (A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and (B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and (4) Is a lawful resident of the State of Arkansas.\n\n(1) Is enrolled in or has been accepted for admission to an approved school of nursing in this state or a nationally accredited school outside the state in studies leading to qualification as a registered nurse, licensed practical nurse, or nursing educator;\n\n(2) Warrants financial assistance to complete his or her nursing studies;\n\n(3) Has signed a written agreement to: (A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and (B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and\n\n(A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and\nest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and\n\n(A) Upon graduation and licensure and for the period of time specified by rule promulgated by the board: (i) Teach in a nursing education program in the State of Arkansas; or (ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and\n\n(i) Teach in a nursing education program in the State of Arkansas; or\n\n(ii) Engage in practice as a registered nurse or licensed practical nurse in the State of Arkansas; and\n\n(B) Repay each loan with interest at the maximum legal rate if the applicant fails to fulfill the requirements of the board under this subchapter; and\n\n(4) Is a lawful resident of the State of Arkansas.","path":["AR Code","Title 6","Chapter 81","Subchapter 14"],"source_url":"https://oss-data-us.vaquill.ai/v2026.08/us_ar_statutes.parquet","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:41Z","sha256":"1fa147823eeaf13d2430c6b59e44c3dfd3b1f51ebc89213662d8ed5aeea41fc2","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-6-81-1403","next":"us-ar/ark.-code-ann.-6-81-1405"},"notice":"GroundRules: Original legal text. Not legal advice."}