Expands eligibility for the nursing loan repayment program to include service in private hospitals, State or local departments of public health, skilled nursing facilities, home health agencies, hospice programs, and ambulatory surgical centers, subject to certain restrictions.
Authorizes the Secretary to provide nursing scholarships in exchange for nursing services in designated health facilities. Treats such scholarships as equivalent to those made under the National Health Service Corps Scholarship Program for repayment purposes, except as specified.
Grants preference to applicants with the greatest financial need and/or a willingness to serve in geographic areas with nursing shortages and need.
Authorizes appropriations for FY 2002-2007.
Requires the Comptroller General to study and report to Congress on: (1) any differences in nurse hiring practices between profit and nonprofit private entities because of the inclusion of for-profit private entities in the loan repayment program; and (2) whether a nursing school faculty shortage exists.