An Act To Amend The Nursing Education Loan Repayment Program

This bill expands Maine's Nursing Education Loan Repayment Program to include nurses with outstanding education loans for any associate or bachelor's degree (not just nursing-specific degrees). It sets new repayment limits: $20,000 per year for full-time nurses and $10,000 for part-time nurses with associate or bachelor's degrees, while maintaining $40,000/$20,000 limits for doctoral degrees. The Finance Authority of Maine will administer these changes, allowing more nurses to qualify for loan repayment assistance regardless of their specific degree field. The policy directly affects nurses holding qualifying non-nursing associate or bachelor's degree loans who work in Maine.