Idaho State Statutes - Idaho Attorney Directory

(1) It is
hereby declared that it is in the public interest to encourage and assist
individuals who wish to pursue a teaching career or professional nursing
career within this state to enroll in an Idaho postsecondary institution and
to work in Idaho.
(2) Any Idaho student pursuing a teaching career may sign a loan
forgiveness contract and promissory note for payment of all full-time
undergraduate matriculation, facility and activity fees at any Idaho
institution of higher learning who:
(a) Will maintain full-time student status and shall maintain a grade
point average of 3.0 or better in the first two (2) semesters and for the
remaining semesters; and
(b) Will pursue a program of study which will qualify the student to
receive an Idaho teaching certificate upon completion of his studies; and
(c) Will pursue a teaching career within the state of Idaho for a minimum
of two (2) years, which time requirement will commence upon obtaining a
teaching position.
(3) Any Idaho student pursuing a licensed nursing career may sign a loan
forgiveness contract and promissory note for payment of all undergraduate
matriculation, facility and activity fees at any Idaho institution of higher
learning who:
(a) Will maintain full-time student status and shall maintain a grade
point average of 3.0 or better in the first two (2) semesters and for the
remaining semesters; and
(b) Will pursue a program of study which will qualify the student to
write the licensure examination approved by the board of nursing for
registered nurse upon completion of his studies; and
(c) Will pursue a licensed professional nursing career within the state
of Idaho for a minimum of two (2) years, which time requirement will
commence within one (1) year after a professional nursing license is
obtained.
(4) Availability of student education incentive loan forgiveness
contracts for potential teachers will be limited to sixteen (16) each year,
with three (3) to be let by the University of Idaho, three (3) by Boise State
University, three (3) by Idaho State University, three (3) by Lewis Clark
State College, two (2) by North Idaho College and two (2) by the College of
Southern Idaho; for potential registered nurses, contracts will be limited to
thirteen (13) each year, with three (3) to be let by Boise State University,
three (3) by Idaho State University, three (3) by Lewis Clark State College,
two (2) by North Idaho College and two (2) by the College of Southern Idaho.
(a) Preference in selecting potential registered nurses will be given to
applicants who indicate willingness to practice in rural Idaho.
(b) The length of each contract and promissory note shall not exceed a
maximum of eight (8) years, and the beginning date and expiration date
shall be specified in each contract.
(5) The state board of education may reassign unused contracts to other
participating institutions. For purposes of reassignment of unused contracts,
Eastern Idaho Technical College may be considered as a participating
institution and may be awarded student education incentive loan forgiveness
contracts for potential registered nurses.
(6) The student loan office of each institution of higher learning is
directed to administer the loan forgiveness program provisions of this
section, including the supplying of all necessary forms and the verifying,
before each registration and at the expiration of the contract, of each
person's compliance with the terms of the contract and collect and account for
any necessary repayment of funds. Upon successful completion of the terms of
the contract, the promissory note shall be forgiven. The state board of
education shall annually determine the interest rate for new promissory notes.
Loan repayments shall be allocated to support new student education incentive
loan forgiveness contracts.
(7) Any violation of the terms of the contract shall obligate the person
to repay all fees which the person as a student was allowed to waive, as
determined by the affected institution.
(8) Each affected institution shall in its preparation of future budgets
include therein costs resultant from fee loss for reimbursement from
appropriations of state funds.

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