Summary: H.R.501 — 108th Congress (2003-2004)All Information (Except Text)

There is one summary for H.R.501. Bill summaries are authored by CRS.

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Introduced in House (01/29/2003)

Nurse Loan Forgiveness Act of 2003 - Amends the Higher Education Act of 1965 (HEA) to include, under HEA student loan forgiveness and cancellation programs, nurses who serve at least one calendar year in an approved health care facility or setting.

Limits the maximum amount of such loan repayment by the Secretary of Education to not more than $2,000 after the first year of such a nurse's employment, with incremental increases after the second through fourth years, up to $5,000 after the fifth year of such employment.