Nurse Corps Loan Repayment Program. This program application cycle closed on February 2. Sign up to be notified when it does. NURSE Corps Loan Repayment Program enables dedicated registered nurses committed to caring for underserved people to serve in hospitals and clinics in some of America's neediest communities, improving the lives of their patients and transforming their own. Before You Apply. Applications are accepted once each year. Before you apply, please read the annually updated Application and Program Guidance (PDF - 3. KB). The application includes a contract that obligates you to serve two- years at the Critical Shortage Facility listed in your application if you are selected to participate in the program. If you are selected and you do not fulfill that obligation, you will face serious financial consequences. About the Program. NURSE Corps members help to create healthy communities in poor urban and rural areas as they build their own fulfilling and productive careers. NURSE Corps Loan Repayment Program sets registered nurses (including advanced practice registered nurses and nursing faculty) on a rewarding career path while paying off 6. In return, NURSE Corps members fulfilling a service obligation at one of the thousands of eligible nonprofit hospitals, clinics, nursing schools and other facilities located in designated mental health or primary medical care Health Professional Shortage Areas across the U. S. State. Funding preference is based on your financial need and the facility where you work. Loan Repayment/Forgiveness and Scholarship Programs. North Dakota Health Professional Student Loan Repayment Program. Nursing Loan for Service Program New Mexico State Loan Program Oklahoma. What’s new in Nursing student loan forgiveness programs for 2016. Nursing Student Loan program information may be found at http. Loan Repayment or Forgiveness. Tenet Healthcare System has introduced a student loan repayment program at participating. HealtHSoutH Nursing Student Loan Program HealtHSoutH NuRSING CHaNGING lIVeS oNe P atIeNt at a tIMe. HealtHSoutHNursing Student Loan Program at HealthSouth, we want to provide you with the. See quick reference charts for the different types of forgiveness, cancellation, and discharge provisions. Direct Loans or FFEL Program loans qualifies for loan forgiveness. Program Overview The Florida Legislature established the Nursing Student Loan Forgiveness Program (NSLFP) in 1989 to encourage qualified personnel to seek employment in areas of the state where critical. RN or Advanced Practice Nurse Participants at Critical Shortage Facilities. An RN or advanced practice nurse, such as an NP, participant must provide full- time service at a Critical Shortage Facility (CSF). A CSFis a public or private nonprofit health care facility located in, designated as, or serving a Health Professional Shortage Area (HPSA) with shortages of primary medical care or mental health professionals. The CSF must be a public or private nonprofit health care facility located in, designated as, or serving a primary medical care or mental health HPSA. Student Loan Forgiveness Programs for Nurses. This program is the revamped version of the erstwhile Federal Nursing Education Loan Repayment Program. Tuition.io Student Loan Blog Approved for the Iowa Student Loan Nursing Education Loan Forgiveness Program? If you have already received benefits through the Iowa Student Loan Nursing Education Loan Forgiveness Program, please visit www.IowaStudentLoan. The educational programs in the school of nursing must be accredited by a national nursing accrediting agency or a state agency recognized by the Secretary of the U. S. Department of Education. Department of Education – view a list of these agencies. Nursing Student Loan Forgiveness. If you are a Registered Nurse and you have received an Associate’s Degree, Bachelor’s Degree, or Master’s Degree in nursing, there are programs available that will allow you to satisfy a portion of your student loan debt. However, you need to follow special guidelines and enter into a legally binding contract that states that you will not be able to have your student loans repaid unless you follow the criteria listed on the contract. Nursing Education Loan Repayment Program. The Nursing Education Loan Repayment Program is a federally funded program that allows a rather large portion of your loans to be repaid provided you work in a hospital or other facility that has a shortage of nurses. You sign paperwork that says you are legally obligated to serve in the facility for a specified amount of time. They do this to encourage people to work in places where registered nurses are desperately needed, which ends up being a winning situation for both parties. For the hospitals, they are getting the much- needed staff to assist their patients, and for the nurses, they are getting a big part of their debt wiped out. They have a website specifically for their program which further details the criteria necessary to qualify, including the types of facilities you can work in and how long you are obligated to stay. While the Nursing Education Loan Repayment Program is a federal program, there are also state- funded programs available to help Registered Nurses as well. Loan Repayment Program. The IHS Loan Repayment Program (LRP). As an LRP participant, you are eligible to extend your contract annually until your qualified student debt is paid.These are available on a state- by- state basis and have their own guidelines separate from the ones in the federal program. These programs are similar to the federal program, in that they allow a portion of your student loan debt to be forgiven if you work as a Registered Nurse in a qualified area. The NELRP is specifically for Registered Nurses, but some state programs allow for others who work in the health care field such as LPNs or ARNPs. This is a good option for someone who is not a Registered Nurse but would still like to take advantage of any options available to help them pay off their student loans. Nursing Student Loan Forgiveness Program. This is an example of one of the state programs available to nurses who would like to have a portion of their student loan debt satisfied in exchange for service in a qualified health care facility. The Nursing Student Loan Forgiveness Program is a program for nurses in Florida. The terms of this program differ slightly from the federal program, but the basic idea is still the same. The Nursing Student Loan Forgiveness Program allows up to $4,0. They make payments based on the qualifications of the applicants and whether or not funding is available. Other State Loan Forgiveness Programs. State loan forgiveness programs are more likely to be underfunded than the federal program, so you should use the federal program before trying for the state programs. It is also important to note that your student loans can only be forgiven if they were incurred specifically for your nursing degree. For example, if you were an engineering major before you figured out that you wanted to become a nurse, the portion of your debts that you incurred for the engineering degree will not be forgiven unless they counted for some part of your nursing degree. It is also important to note that you cannot be enrolled in a federal program and state program at the same time. Most likely, it is in your best interest to pursue the Nursing Education Loan Repayment Program, as the funding is better than most of the state programs available. Once you have exceeded the maximum time frame for receiving federal loan forgiveness, you may then qualify for state- funded programs, depending on the terms and guidelines of the programs available for your state. Here are some sample state benefits: Maryland. Maryland residents that earn less than $4. For more information about this program, contact the Maryland State Scholarship Administration. California. The Bachelor of Science Nursing Loan Repayment Program (BSNLRP) offers registered nurses with a bachelor’s degree in nursing education a loan repayment of up to $1. Nurses are obligated to serve two years in direct health care in a medically under- served area of California. Iowa. The Iowa Registered Nurse and Nurse Educator Loan Forgiveness Program will forgive a maximum of 2. A maximum of five years of loans may be forgiven. Nurses must be employed in Iowa. Nurses and nurse educators must not have been employed as a nurse prior to July 1, 2. Tennessee. The Tennessee Graduate Nursing Loan Forgiveness Program was created to encourage registered nurses to pursue advanced degrees in nursing and careers in nurse education or administration. Recipients of the Tennessee loan forgiveness program must be enrolled in a master’s degree program or higher. A service obligation of four years as faculty or administration at a college or university in Tennessee is required to receive loan forgiveness. The service obligation must be started immediately following graduation from the higher education program. Summary. Student loan forgiveness is an excellent way to get rid of student loan debt. Not only will you be serving your community, but you will satisfy a large portion of your debt in exchange for work you would have been doing anyways. The only disadvantage would be that you would have to work in one of the specified sites, and you would be obligated to stay for a certain length of time.
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