[Code of Federal Regulations]

[Title 42, Volume 1]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 42CFR57.306]



[Page 281-282]

 

                         TITLE 42--PUBLIC HEALTH

 

    CHAPTER I--PUBLIC HEALTH SERVICE, DEPARTMENT OF HEALTH AND HUMAN 

                                SERVICES

 

PART 57_GRANTS FOR CONSTRUCTION OF TEACHING FACILITIES, EDUCATIONAL 

IMPROVEMENTS, SCHOLARSHIPS AND STUDENT LOANS--Table of Contents

 

                     Subpart D_Nursing Student Loans

 

Sec.  57.306  Eligibility and selection of nursing student loan applicants.



    (a) Determination of eligibility. (1) Applicants are eligible for 

consideration for a nursing student loan if they are:

    (i) Residents of the United States and either a citizen or national 

of the United States, an alien lawfully admitted for permanent residence 

in the United States, a citizen of the Commonwealth of the Northern 

Mariana Islands, a citizen of the Republic of Palau, a citizen of the 

Republic of the Marshall Islands, or a citizen of the Federated States 

of Micronesia;

    (ii) Enrolled, or accepted for enrollment in the school as full-time 

or half-time students;



[[Page 282]]



    (iii) In need of the amount of the loan to pursue the course of 

study at the school; and

    (iv) Capable, in the opinion of the school, of maintaining good 

standing in the course of study.

    (2) An applicant who has previously attended an institution of 

higher education must submit a financial aid transcript which includes 

at least the following data:

    (i) Applicant's name and social security number;

    (ii) Amounts and sources of loans and grants previously received by 

the applicant for study at an institution of higher education;

    (iii) Whether the applicant is in default on any of these loans, or 

owes a refund on any grants;

    (iv) Certification from each institution previously attended by the 

applicant that the applicant has received no financial aid, if 

applicable; and

    (v) From each institution previously attended, the signature of an 

official authorized by the institution to sign such transcripts on 

behalf of the institution.

    (b) Selection of nursing student loan applicants and determinations 

of need. The school will select qualified applicants, make reasonable 

determinations of need, and determine the amount of student loans.

    (1) In selecting nursing student loan applicants the school will 

give preference to licensed practical nurses, and to persons with 

exceptional financial need. For purposes of this preference, a student 

will be considered to demonstrate exceptional financial need if the 

school determines that the student's resources, as described in 

paragraph (b)(2)(i) of this section, do not exceed one-half of the costs 

of attendance at the school. Summer earnings, educational loans, 

veterans (G.I.) benefits, earnings during the school year, and Aid to 

Families with Dependent Children (AFDC) will not be considered as 

resources in determining whether an applicant meets these criteria for 

exceptional financial need, but will be considered in determining the 

amount of funds a student may receive.

    (2) In determining whether a student is in need of a nursing student 

loan to pursue a full-time or half-time course of study at the school, 

the school will take into consideration:

    (i) The financial resources available to the student by using one of 

the national need analysis systems or any other procedure approved by 

the Secretary of Education in combination with other information which 

the school has regarding the student's financial status; and

    (ii) The costs reasonably necessary for the student's attendance at 

the school, including any special needs and obligations which directly 

affect the student's financial ability to attend the school on a full-

time or half-time basis. The school must document the criteria used for 

determining these costs.

    (c) Verification of loan information. The school must verify, to the 

best of its ability, the information provided by the student on the loan 

application. To comply with this requirement, a school may require that 

a student provide, for example: Photocopies of the parents', student's, 

and spouse's Federal income tax forms with original signatures for the 

most recent tax year (or certification that no Federal income tax return 

was filed); tax returns that are certified as having been received by 

the Internal Revenue Service; or other documentation that the school 

considers necessary to help assure that information on the loan 

application is correct.



(Approved by the Office of Management and Budget under control number 

0915-0047)



[50 FR 34434, Aug. 23, 1985, as amended at 53 FR 46554, Nov. 17, 1988; 

56 FR 13771, Apr. 4, 1991; 61 FR 6123, Feb. 16, 1996]