The Nursing Student Loan Program provides loans to students who are enrolled at an eligible in-state institution that prepares them to be licensed as nurses, either RN or LPN. The student who participates in this program must agree to be employed as a licensed nurse in Wisconsin. For each of the first two years the student works as a nurse or nurse educator and meets the eligibility criteria, 25 percent of the loan is forgiven. The balance remaining after forgiveness must be repaid at an interest rate of 5 percent. If the student does not work as a nurse or nurse educator and meet the eligibility criteria, the loan must be repaid at an interest rate of 5 percent. Please visit the award's website for more information.