Eligible Student Loans
A successful applicant must have an outstanding balance on eligible student loan debt, used to fund a nursing degree, disbursed on or after January 1, 2001.
Eligible student loans include NYS or federal government loans, as well as private student loans made by commercial entities subject to governmental examination. This does not, however, include Parent PLUS loans and Perkins Loans.
Ineligible loans also include non-educational student loan consolidations and home equity loans used to pay off student loans.
Ineligible loans also includes private loans given for example by family or friends, or student loan debts paid via credit card.