What You Should Know About Student Loan Forgiveness For Nurses
Some of the nursing students have taken student loans so that they can be able to study nursing. Nursing school graduates who have a difficult time paying off their student loans can get assistance. The first place that nursing school graduates can get assistance when they need to pay off their student loans is from The Nurse Corps Loan Repayment Program. One can get up to 85% coverage for their student loan debts when they use this program. Nurses who are eligible for the program can get their student’s loans paid off within a period of three years. For one to qualify for this kind of program, one must be working full time as an RN or APRN and one must be a US citizen or resident. Another requirement for one to join the program is that one must be working at a critical shortage facility. Those who qualify for this program can only be from specific shortage areas where they work at a critical shortage facility.
Federal Perkins Loan Cancellation and Discharge is another program that offers full payment of student loans for nurses. The qualification for this program is that one needs to have five years experience or more as a full-time registered nurse. This program is only suitable for nurses who have federal perkins loans. Another program that nurses can consider is The Public Service Loan Forgiveness Program. If one has been paying their student loans for a period of ten years, they can qualify for this kind of loan especially if they are full-time workers in the public sector. If one has a balance for a student loan, it can be cleared by the program if one qualifies for it. In most states one can find … Read More..Read More →