![]() ![]() ![]() Registered nurses, advanced practice registered nurses and nurse faculty are eligible for the program. Through the Health Resources & Services Administration‘s Nurse Corps Loan Repayment Program, you can get assistance that covers up to 60% of your unpaid student loan debt. In return, they have to work full-time for two years at an NHSC-approved service site in a designated Health Professional Shortage Area (HPSA).Īfter the initial two-year contract, you may be eligible for additional loan repayment funds if you agree to one-year service contracts.īoth federal and private student loans are eligible for this repayment assistance program. Licensed nurse practitioners can qualify for student loan repayment assistance through the National Health Service Corps (NHSC) Loan Repayment Program.Įligible nurses can receive up to $50,000 to repay their student loans. National Health Service Corps Loan Repayment Program Whether you have federal or private student loans, there are multiple repayment assistance programs and loan forgiveness options for nurses. In exchange, you must agree to work in an area with a shortage of skilled professionals for a predetermined period. With repayment assistance programs, a government agency or state will pay off a portion of your student loan debt. You can use repayment assistance programs to repay federal and private student loans. Related: Student Loan Forgiveness Calculator How Do Nursing Loans Repayment Assistance Programs Work? The balance of your loans is discharged, and you no longer have to make any payments. Department of Education will forgive some or all of your remaining federal loans. If you work in a qualifying profession or for an eligible employer for a set period of time, the U.S. How Does Federal Student Loan Forgiveness for Nurses Work?įederal student loan forgiveness programs are for only federal student loans. There are also loan repayment programs that can help make your debt more manageable. Leaving school with that much debt can be daunting however, student loan forgiveness for nurses does exist. According to the American Association of Colleges of Nursing, 69% of graduate nursing students take out student loans, and borrowers owe between $40,000 and $54,999 at the end of their graduate programs, according to 2017 data, the most recent available. While nurses can have job security and a higher salary than the national average, becoming a nurse can take a substantial amount of education-and student loans. The Bureau of Labor Statistics reported that the employment of registered nurses is expected to grow by 7% between 20, faster than the average for all occupations. One of the things the coronavirus pandemic has shown us about medicine is that there is a huge demand for registered nurses. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |