The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 18 : Health
Chapter 001 : Department of Health; General Provisions
Subchapter 002 : Health Care Professions; Educational Assistance
(Cite as: 18 V.S.A. § 37)-
§ 37. Nurse Faculty Loan Repayment Program
(a) As used in this section:
(1) “AHEC” means the Vermont Area Health Education Centers program.
(2) “Eligible individual” means an individual who satisfies the eligibility requirements under this section for loan repayment.
(3) “Eligible school” means an approved postsecondary education institution, as defined under 16 V.S.A. § 2822.
(4) “Loan repayment” means the cancellation and repayment of loans under this section.
(5) “Loans” means education loans guaranteed, made, financed, serviced, or otherwise administered by an accredited educational lender for attendance at an eligible school.
(6) “Nurse faculty member” or “member of the nurse faculty” means a nurse with a master’s or doctoral degree that qualifies the individual to teach at a nursing school in this State.
(7) “Program” means the Nurse Faculty Loan Repayment Program created under this section.
(b) The Nurse Faculty Loan Repayment Program is created and shall be administered by the Department of Health in collaboration with AHEC. The Program provides loan repayment on behalf of individuals who work as nurse faculty members at a nursing school in this State and who meet the eligibility requirements in subsection (d) of this section.
(c) The loan repayment benefits provided under the Program shall be paid on behalf of the eligible individual by AHEC, subject to the appropriation of funds by the General Assembly for this purpose.
(d) To be eligible for loan repayment under the Program, an individual shall satisfy all of the following requirements:
(1) graduated from an eligible school where the individual was awarded a graduate degree in nursing;
(2) work as a member of the nurse faculty at a nursing school in this State; and
(3) be a resident of Vermont.
(e) An eligible individual shall be entitled to an amount of loan cancellation and repayment under this section equal to one year of loans for each year of service as a member of the nurse faculty at a nursing school in this State. (Added 2021, No. 183 (Adj. Sess.), § 29a, eff. July 1, 2022.)
