{"data":{"id":"us-va/12vac5-507-120","jurisdiction":"us-va","citation":"12VAC5-507-120","heading":"Loan repayment amount","body":"The applicant shall agree to provide full-time nursing services in a long-term care facility in the Commonwealth a minimum of one year for a loan repayment amount up to $2,000 with an option for renewal in the second, third, and fourth year upon submitting a new application, with a potential maximum award amount of $8,000. Renewals shall only be granted if an applicant can show a reduction in his educational loan balances. The loan repayment amount shall depend upon availability of funds and the applicant's indebtedness, but no amount shall exceed the total indebtedness.","path":["Title 12. Health","Agency 5. Department of Health","Chapter 507. Nursing Scholarships and Loan Repayment Program Requiring Service in a Long-Term Care Facility","Part III. Administration of the Nursing Loan Repayment Program"],"source_url":"https://law.lis.virginia.gov/admincode/title12/agency5/chapter507/section120/","current_through":"2026 Regular Session (effective July 1, 2026)","vintage":"","retrieved_at":"2026-09-14T04:50:34Z","sha256":"8edfb2aabb902c6bf84ecb9c6186a0509ff2f9268dd5319688980cf2a7025a6d","source_id":"us-va-vac","stale":false,"prev":"us-va/12vac5-507-110","next":"us-va/12vac5-507-130"},"notice":"GroundRules: Original legal text. Not legal advice."}