2808.02.02.01  NURSING SERVICE

1.	For Loans Made Prior to November 18, 1971

Maximum cancellation of 50 percent of the loan at the rate of 10 percent per 
year for service as a full-time registered nurse in a public or nonprofit private 
hospital.

Maximum cancellation of 100 percent of the loan at the rate of 15 percent per 
year for service as a full-time registered nurse in a shortage hospital as listed 
in the Handbook for Loan Cancellation Benefit List of Hospitals.  

2.	For Loans Made Between November 18, 1971 and September 29, 1979

Maximum cancellation of 85 percent of the loan at the rate of 15 percent for 
the first three years, 20 percent for the fourth and fifth years of service as a 
full-time registered nurse in a public or nonprofit private hospital.

3.	For Loans Made After September 29, 1979

References:  42 C.F.R. 57.313; NACUBO/SLCP, pp. 72-73.

No cancellation provisions for nursing service.