Careers in Teaching Careers in Health Care Allied Health Northeast Georgia Health Systems Nurse Program Nursing Faculty Program ICAPP Careers in Military Service Careers in Engineering Careers in Social Work

Intellectual Capital Partnership Program (ICAPP)

The Intellectual Capital Partnership Program offers a service cancelable loan up to the maximum of $7,500 to help students in in critical health fields with their financial fees. This program is designed to attract recipients to high-demand professions, particularly Nursing, and then provide hospitals with the labor force they need. The recipients agree to repay the loan through working at an approved site in (12) months for each $2,500 received in Georgia. If the borrower fails to meet this obligation, the loan must be repaid in cash, with interest.

Value

Maximum value of $7,500.

To view the current Stafford Loan interest rates, please click here.

Origination and federal default fees are set by federal statute and are deducted from loan proceeds. The origination fee is currently 1.5% and the federal default fee is 1%.

GSFC pays the origination fee on the borrower's behalf.
GSFC pays the federal default fee on the borrower's behalf.

Eligibility

The student must be a U.S. citizen, national of the United States, or classified as a permanent resident alien.
The student must be maintaining satisfactory academic progress in Nursing according to the schools standards and statutory requirements; have satisfied requirements under the Selective Service Act necessary to receive financial aid;
The student must be accepted or enrolled for admission in an approved critical health field leading to a degree at one of the institutions listed.
The student must be enrolled or accepted for admission in Nursing leading to a degree at one of the institutions listed above;
The student must complete the Free Application for Federal Student Aid (FAFSA);
The student must not owe a refund on any Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), or Student Incentive Grant (SIG);
The student must not be in default on any Federal Perkins Loan (National Direct Student Loan) William D. Ford Loan (Federal Direct Loan Program) or any guaranteed or insured student loan.

Service Commitment

The recipients agree to repay the loan through working at an approved site in (12) months for each $2,500 received in Georgia. If the borrower fails to meet this obligation, the loan must be repaid in cash, with interest.

Application Procedure

Once you decide which school you wish to attend and accept its offer of financial assistance, the school can certify you as eligible for a Stafford Loan with the service option based on the amount they are allocated June 1 of each year. To complete the loan process, follow the directions from your school.

Loan Disbursements

Once your loan is guaranteed, the proceeds from your Federal Stafford Loan with The Service Option will be sent to your school. You must contact the Financial Aid Office to make arrangements to receive your loan proceeds. You will receive a Loan Guarantee and Disclosure Statement outlining the anticipated disbursement schedule, as determined by your school, for each loan guaranteed. You will also receive a Service Loan Contract, which details the service loan information and repayment information.

Eligible Colleges and Universities

The following institutions have been approved by the Board of Regents to participate in the Intellectual Capital Partnership Program for the academic year 2006-2007:

Schools approved to participate in the ICAPP Program for 2006-2007

If you are interested in finding more information on these schools, please see our GA Colleges section.

To learn more about the ICAPP Program, click here.

You can read the pdf official program regulations for full details about the ICAPP loan guidelines, policies, and procedures.

GAcollege411 Partners

Copyright © XAP Corporation. All rights reserved. XAP and Mentor are registered trademarks of XAP Corporation.
Reg. U.S. Pat. & TM Off. Use of this website constitutes acceptance of the XAP Terms of Use and Privacy Policy .

Career Info Student Planner GA Colleges Applications & Transcripts Paying For College GA College Savings Plan Adult Learner

Create an Account Log On My 411 Paying for College Repayment Guide Scholarships & Grants Savings Programs Tax Savings Loan Programs Stafford Loans GRADPLUS Loans Parent Loans for Undergraduate Students (PLUS) Federal Consolidation Loans Federal Perkins Loan Service Cancelable Loans Careers in Teaching Careers in Health Care Allied Health Northeast Georgia Health Systems Nurse Program Nursing Faculty Program ICAPP Careers in Military Service Careers in Engineering Careers in Social Work Tools & Calculators Publications & Forms Ask an Expert	Intellectual Capital Partnership Program (ICAPP) The Intellectual Capital Partnership Program offers a service cancelable loan up to the maximum of $7,500 to help students in in critical health fields with their financial fees. This program is designed to attract recipients to high-demand professions, particularly Nursing, and then provide hospitals with the labor force they need. The recipients agree to repay the loan through working at an approved site in (12) months for each $2,500 received in Georgia. If the borrower fails to meet this obligation, the loan must be repaid in cash, with interest. Value Maximum value of $7,500. To view the current Stafford Loan interest rates, please click here. Origination and federal default fees are set by federal statute and are deducted from loan proceeds. The origination fee is currently 1.5% and the federal default fee is 1%. GSFC pays the origination fee on the borrower's behalf. GSFC pays the federal default fee on the borrower's behalf. Eligibility The student must be a U.S. citizen, national of the United States, or classified as a permanent resident alien. The student must be maintaining satisfactory academic progress in Nursing according to the schools standards and statutory requirements; have satisfied requirements under the Selective Service Act necessary to receive financial aid; The student must be accepted or enrolled for admission in an approved critical health field leading to a degree at one of the institutions listed. The student must be enrolled or accepted for admission in Nursing leading to a degree at one of the institutions listed above; The student must complete the Free Application for Federal Student Aid (FAFSA); The student must not owe a refund on any Federal Pell Grant, Federal Supplemental Educational Opportunity Grant (SEOG), or Student Incentive Grant (SIG); The student must not be in default on any Federal Perkins Loan (National Direct Student Loan) William D. Ford Loan (Federal Direct Loan Program) or any guaranteed or insured student loan. Service Commitment The recipients agree to repay the loan through working at an approved site in (12) months for each $2,500 received in Georgia. If the borrower fails to meet this obligation, the loan must be repaid in cash, with interest. Application Procedure Once you decide which school you wish to attend and accept its offer of financial assistance, the school can certify you as eligible for a Stafford Loan with the service option based on the amount they are allocated June 1 of each year. To complete the loan process, follow the directions from your school. Loan Disbursements Once your loan is guaranteed, the proceeds from your Federal Stafford Loan with The Service Option will be sent to your school. You must contact the Financial Aid Office to make arrangements to receive your loan proceeds. You will receive a Loan Guarantee and Disclosure Statement outlining the anticipated disbursement schedule, as determined by your school, for each loan guaranteed. You will also receive a Service Loan Contract, which details the service loan information and repayment information. Eligible Colleges and Universities The following institutions have been approved by the Board of Regents to participate in the Intellectual Capital Partnership Program for the academic year 2006-2007: Schools approved to participate in the ICAPP Program for 2006-2007 If you are interested in finding more information on these schools, please see our GA Colleges section. To learn more about the ICAPP Program, click here. You can read the official program regulations for full details about the ICAPP loan guidelines, policies, and procedures.
	Bottom of Page
GAcollege411 Partners Copyright © XAP Corporation. All rights reserved. XAP and Mentor are registered trademarks of XAP Corporation. Reg. U.S. Pat. & TM Off. Use of this website constitutes acceptance of the XAP Terms of Use and Privacy Policy .