Legislative Changes to Nursing Student Loan Program Authorized Under Title VIII of the Public Health Service Act, 36426 [2010-15421]
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36426
Federal Register / Vol. 75, No. 122 / Friday, June 25, 2010 / Notices
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Dated: June 21, 2010.
Leslie Kux,
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[FR Doc. 2010–15417 Filed 6–24–10; 8:45 am]
BILLING CODE 4160–01–S
DEPARTMENT OF HEALTH AND
HUMAN SERVICES
Health Resources and Services
Administration
Legislative Changes to Nursing
Student Loan Program Authorized
Under Title VIII of the Public Health
Service Act
Health Resources and Services
Administration, HHS.
ACTION: Notice.
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AGENCY:
SUMMARY: On March 23, 2010, President
Obama signed into law the Patient
Protection and Affordable Care Act
(ACA), Public Law (Pub. L.) 111–148.
Section 5202 of the ACA changes the
Nursing Student Loan (NSL) program
by: (1) Increasing the limits of loan
funds to students; (2) revising the date
of enrollment to be considered eligible
to receive NSL funds; and (3) revising
the date of loans eligible for partial loan
cancellation.
SUPPLEMENTARY INFORMATION: The
Nursing Student Loan (NSL) program
was authorized by the Nurse Training
Act of 1964 (Pub. L. 88–581) to alleviate
the shortage of nursing personnel and to
assure that no qualified student was
denied the pursuit of a nursing career
due to lack of financial resources. The
NSL program provides long-term, lowinterest loans to full-time and half-time
students to help meet the cost of
education. Students are eligible to apply
VerDate Mar<15>2010
16:23 Jun 24, 2010
Jkt 220001
for the NSL program if pursuing a
course of study leading to a diploma in
nursing, an associate or bachelor’s
degree in nursing or an equivalent
degree, or a graduate degree in nursing.
Below are details on how the ACA
changes Sections 836(a), 836(b)(1), and
836(b)(3) of the Public Health Service
Act, respectively, regarding the
administration of the NSL program.
Loan Funding Limits
The ACA increases the maximum
amount of NSL funding a student can
receive. Previously, the total amount of
NSL funds for any academic year could
not exceed $2,500 in the case of any
student except that, for the final 2
academic years of the program involved,
such total could not exceed $4,000.
With the legislative change, however,
the new total amount of the loans for
any academic year from NSL funds may
not exceed $3,300 in the case of any
student except that, for the final two
academic years of the program involved,
such total may not exceed $5,200.
Prior to the ACA, the aggregate of the
NSL loans for all years from such funds
was a maximum of $13,000 in the case
of any student. Now, the aggregate of the
loans for all years from such funds may
not exceed $17,000 in the case of any
student during fiscal years 2010 and
2011. After fiscal year 2011, the
amounts shall be adjusted to provide for
a cost-of-attendance increase for the
yearly loan rate and the aggregate of the
loans. (Section 5202(a) of the ACA.)
Date of Enrollment
The ACA changes the date a student
of financial need must be enrolled in a
nursing program in order to be eligible
to receive NSL funds. Previously an
NSL loan could be made to a student of
financial need who was enrolled after
June 30, 1986. Now, an NSL loan can be
made to a student of financial need who
was enrolled after June 30, 2000.
(Section 5202(b)(1) of the ACA.)
To be eligible, students are still also
required to: (1) Pursue a full-time or
half-time course of study at the school
leading to a baccalaureate or associate
degree in nursing or an equivalent
degree, or a diploma in nursing, or a
graduate degree in nursing and (2) be
capable, in the opinion of the school, of
maintaining good standing in such
course of study.
Partial Loan Cancellation Date
Prior to the ACA, students who
received NSL loans before September
29, 1979, could receive partial
cancellation of their loans. Now,
however, partial loan cancellation
applies to loans received by students
PO 00000
Frm 00081
Fmt 4703
Sfmt 4703
before September 29, 1995. (Section
5202(b)(2) of the ACA.)
A student who received such an NSL
before September 29, 1995, can have an
amount up to 85 percent of that nursing
student loan (plus interest thereon)
cancelled for full-time employment as a
professional nurse in any public or nonprofit private agency, institution, or
organization, at the rate of 15 percent of
the amount of such loan (plus interest)
unpaid on the first day of such service
for each of the first, second, and third
complete year of such service, and 20
percent of such amount (plus interest)
for each complete fourth and fifth year
of such service. Employment as a
professional nurse may include teaching
in any of the fields of nurse training and
serving as an administrator, supervisor,
or consultant in any of the fields of
nursing. Nursing experience prior to
March 23, 2010 will not be considered
in determining loan cancellation.
Dated: June 21, 2010.
Mary K. Wakefield,
Administrator.
[FR Doc. 2010–15421 Filed 6–24–10; 8:45 am]
BILLING CODE 4165–15–P
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HUMAN SERVICES
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National Institute of Allergy and
Infectious Diseases; Notice of Closed
Meeting
Pursuant to section 10(d) of the
Federal Advisory Committee Act, as
amended (5 U.S.C. App.), notice is
hereby given of the following meeting.
The meeting will be closed to the
public in accordance with the
provisions set forth in sections
552b(c)(4) and 552b(c)(6), Title 5 U.S.C.,
as amended. The grant applications and
the discussions could disclose
confidential trade secrets or commercial
property such as patentable material,
and personal information concerning
individuals associated with the grant
applications, the disclosure of which
would constitute a clearly unwarranted
invasion of personal privacy.
Name of Committee: National Institute of
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Emphasis Panel, Host-Pathogen Interactions.
Date: August 2, 2010.
Time: 9 a.m. to 2 p.m.
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25JNN1
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[Federal Register Volume 75, Number 122 (Friday, June 25, 2010)]
[Notices]
[Page 36426]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-15421]
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DEPARTMENT OF HEALTH AND HUMAN SERVICES
Health Resources and Services Administration
Legislative Changes to Nursing Student Loan Program Authorized
Under Title VIII of the Public Health Service Act
AGENCY: Health Resources and Services Administration, HHS.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: On March 23, 2010, President Obama signed into law the Patient
Protection and Affordable Care Act (ACA), Public Law (Pub. L.) 111-148.
Section 5202 of the ACA changes the Nursing Student Loan (NSL) program
by: (1) Increasing the limits of loan funds to students; (2) revising
the date of enrollment to be considered eligible to receive NSL funds;
and (3) revising the date of loans eligible for partial loan
cancellation.
SUPPLEMENTARY INFORMATION: The Nursing Student Loan (NSL) program was
authorized by the Nurse Training Act of 1964 (Pub. L. 88-581) to
alleviate the shortage of nursing personnel and to assure that no
qualified student was denied the pursuit of a nursing career due to
lack of financial resources. The NSL program provides long-term, low-
interest loans to full-time and half-time students to help meet the
cost of education. Students are eligible to apply for the NSL program
if pursuing a course of study leading to a diploma in nursing, an
associate or bachelor's degree in nursing or an equivalent degree, or a
graduate degree in nursing. Below are details on how the ACA changes
Sections 836(a), 836(b)(1), and 836(b)(3) of the Public Health Service
Act, respectively, regarding the administration of the NSL program.
Loan Funding Limits
The ACA increases the maximum amount of NSL funding a student can
receive. Previously, the total amount of NSL funds for any academic
year could not exceed $2,500 in the case of any student except that,
for the final 2 academic years of the program involved, such total
could not exceed $4,000. With the legislative change, however, the new
total amount of the loans for any academic year from NSL funds may not
exceed $3,300 in the case of any student except that, for the final two
academic years of the program involved, such total may not exceed
$5,200.
Prior to the ACA, the aggregate of the NSL loans for all years from
such funds was a maximum of $13,000 in the case of any student. Now,
the aggregate of the loans for all years from such funds may not exceed
$17,000 in the case of any student during fiscal years 2010 and 2011.
After fiscal year 2011, the amounts shall be adjusted to provide for a
cost-of-attendance increase for the yearly loan rate and the aggregate
of the loans. (Section 5202(a) of the ACA.)
Date of Enrollment
The ACA changes the date a student of financial need must be
enrolled in a nursing program in order to be eligible to receive NSL
funds. Previously an NSL loan could be made to a student of financial
need who was enrolled after June 30, 1986. Now, an NSL loan can be made
to a student of financial need who was enrolled after June 30, 2000.
(Section 5202(b)(1) of the ACA.)
To be eligible, students are still also required to: (1) Pursue a
full-time or half-time course of study at the school leading to a
baccalaureate or associate degree in nursing or an equivalent degree,
or a diploma in nursing, or a graduate degree in nursing and (2) be
capable, in the opinion of the school, of maintaining good standing in
such course of study.
Partial Loan Cancellation Date
Prior to the ACA, students who received NSL loans before September
29, 1979, could receive partial cancellation of their loans. Now,
however, partial loan cancellation applies to loans received by
students before September 29, 1995. (Section 5202(b)(2) of the ACA.)
A student who received such an NSL before September 29, 1995, can
have an amount up to 85 percent of that nursing student loan (plus
interest thereon) cancelled for full-time employment as a professional
nurse in any public or non-profit private agency, institution, or
organization, at the rate of 15 percent of the amount of such loan
(plus interest) unpaid on the first day of such service for each of the
first, second, and third complete year of such service, and 20 percent
of such amount (plus interest) for each complete fourth and fifth year
of such service. Employment as a professional nurse may include
teaching in any of the fields of nurse training and serving as an
administrator, supervisor, or consultant in any of the fields of
nursing. Nursing experience prior to March 23, 2010 will not be
considered in determining loan cancellation.
Dated: June 21, 2010.
Mary K. Wakefield,
Administrator.
[FR Doc. 2010-15421 Filed 6-24-10; 8:45 am]
BILLING CODE 4165-15-P
