The Graduate Nursing Loan-Forgiveness Program encourages those who are registered nurses to become teachers and administrators in Tennessee nursing education programs. Those who accept the award must sign a promissory note and in doing so incur an obligation to enter a faculty or administrative position at a college or university in Tennessee in a nursing education program. The obligation is equivalent to 4 years of full-time employment to have the loan forgiven, immediately upon completion of the education program. Awards are made in equal installments each term throughout the academic year. Applicants must have an unencumbered Tennessee nursing license, and be enrolled in an eligible master's degree or a post master's degree in a nursing educational program at an eligible institution. The award may be renewed three times for a total of four years for full-time students, up to seven times for a total of eight years for part-time students, or for the length of the program of study, whichever is less. Please visit the scholarship's website for more information.