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ISAC monitors recipients’ fulfillment of Nurse Educator Scholarship Program (NESP) practice agreement. If the recipient fails to meet the teaching requirement, the scholarship converts to a loan. The scholarship program award received must be repaid, prorated according to the fraction of the obligation not completed, plus any reasonable collection costs.
At the end of each academic year, colleges are required to verify the enrollment statuses for NESP recipients by submitting a TESP Status Enrollment Verification roster to ISAC.
The TESP Enrollment Status Verification rosters must be completed online at My Zone which is available each Monday through Saturday from 7 a.m. until 7 p.m. (CT).
Refer to TESP Enrollment Status Verification at My Zone for an overview of the process and the TESP Enrollment Status Verification Quick Reference Guide for step-by step instructions for completing and submitting a roster to ISAC.
Prior to receiving scholarship assistance, recipients of the Nurse Educator Scholarship Program (NESP), must sign a Teaching Agreement/Promissory Note that shall include the following stipulations:
All scholarship and stipend proceeds must be used for educational expenses. Program recipients agree to provide ISAC with evidence of compliance with program requirements (e.g., respond to annual follow-up questionnaires, etc.).
If the teaching obligation requirement is not fulfilled, the scholarship (and accompanying stipend) converts to a loan, and the recipient must repay the entire amount of the award prorated to the fraction of the teaching obligation not completed, plus interest at a rate of 5%and any reasonable collection costs.
The repayment period starts and interest begins to accrue on the earliest of the following dates:
The recipient will not be required to repay the scholarship if s/he becomes permanently totally disabled as established by the sworn affidavit of a qualified physician.
If a recipient is required to repay any portion of the scholarship, the repayment period must be completed within 10 years after the scholarship converts to a loan. The repayment obligation may be temporarily postponed if the recipient is:
During the time a recipient qualifies for a deferments or an extension, s/he is not required to make payments and interest does not accrue. To qualify for any of the deferments or extensions, the recipient must complete a Request for Extension of Teaching Requirements or Request for Deferment of Repayment form and provide written evidence of eligibility.
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