nurse corps loan repayment

This could be a new change but it’s good to know. Post on this thread … How would you be notified if you qualify for loan repayment program? HI Tim, I am working right now as a neuro icu rn. #Nurse Corps; #Student Loan; #Repayment Programs; Prev ; 1; 2; 3; Next; Hey people! I work for a inpatient Rehabilitation Hospital in a rural setting, does this qualify? Even better, they can extend their contracts to get an additional 25% decrease in their remaining debt. All of my classes my first 3 years were towards a nursing program. How to connect with us. Member Stories; #ShareYourService; Corps Community Month; National Advisory Council; Log In. PSLF is your best bet at getting rid of this debt because it lets you eliminate EVERYTHING you still owe after you’ve made 10 years worth of payments. Hi thank you for this great information, I’m a bit confused. We consider a school of nursing to be eligible if a national nursing accrediting agency or a state agency recognized by the Secretary of the U.S. Department of Education accredits it. Career First Year. I’m signed up to receive their email alerts, and will update this page with details as soon as they announce the new application window. I am an RN, am qualify to apply for this loan because RN was not mentioned on the list. I graduate Sept 2017 but want to know if I can apply now? I’m turning 50 in July. Hi Tim, do you know of any programs that are similar to this one for private loans? As far as I know, this is always the requirement of any sort of Federal Student Loan Forgiveness Program. They’re the ones who can comment on this with authority. I am a nurse working in a rural area at a critical access hospital. Through the NURSE Corps Loan Repayment Program, substantial student loan debt is paid in exchange for more health care professionals agreeing to work in areas with critical needs. Hi Tim, The program pays up to 85 … If I refinance this and consolidate them u see my name would they qualify? ESRD dialysis centers are now included as a CSF. The good news is that many facilities do count as CSFs, including each of the following types: Again, the important thing that determines whether or not your facility is eligible for these benefits is to make sure that it’s located in, designated as, or serving a primary medical care of mental health HPSA. Are only RNs covered, or would a nurse practitioner also qualify? Call: 1-800-221-9393 | TTY: 1-877-897-9910 M - F | 8 a.m. - 8 p.m. (except federal holidays) Use our contact form. Nurse Practitioners do qualify for the benefits, yes. I’m not entirely sure if that one will qualify for not, but you should be able to ask the Financial Aid department at your school and they will definitely be able to tell you. Some health care facilities will not allow you to qualify for forgiveness benefits, including facilities that are: Unfortunately, there’s no list of all approved CSF facilities anywhere on the Internet, or, as far as I know, anywhere at all. Yes, apply EARLY! Many loans, including student loans, do not qualify for forgiveness benefits under the NURSE Corps LRP program, including: To qualify for the NURSE Corps loan repayment program, you must work at what’s called a “Critical Shortage Facility” (CSF), which means a health care facility that’s located in, designated as, or serving a Health Professional Shortage Area (HPSA). The good news is that, unlike many other forms of Federal Student Loan Relief Programs, this program is quite simple. Any news on the deadline for 2017? HRSA anticipates recruiting the largest class of clinicians in program history for both the NHSC and Nurse Corps. A loan repayment program available to registered nurses and advanced practice registered nurses, such as nurse practitioners, working in a public or private nonprofit Critical Shortage Facility. Only Nurse Practitioner’s, Certified Nursing Midwives, and Physicians Assistants are eligible. Call: 1-800-221-9393 (TTY: 1-877-897-9910) M-F , 8:00 a.m. – 8:00 p.m. Can’t help with the second part either, but hopefully the community can chime in on that note. Are there any place that offers debt forgiveness/relieve for LPNs. That means you can’t use these funds for personal purchases, vacations, or any other costs other than what they are supposed to be applied to – your nursing educational costs. waiting…. Nurse Corps Loan Repayment Program. Thanks. If I qualify for the nurse CORPS will I still be enrolled and qualify for the PSLF? Thank you for visiting my site, and if the information on this page helped you, then please consider sending it to a friend, linking to it from your own Blog, or sharing a link on Facebook. This program has never had any debt limits, or crazy qualification requirements, and offered an amazing opportunity to any Nurse looking to get rid of their debt, so we can only hope that it gets re-prioritized and refunded in the near future. It sounds like you’re right in that window which will qualify you for the benefit. The National Health Service Corps (NHSC) Loan Repayment Program (LRP) offers primary medical, dental, and mental and behavioral health care clinicians the opportunity to have their student loans repaid, while earning a competitive salary, in exchange for providing health care in urban, rural, or tribal communities with limited access to care. According to the government website, simply being an RN does not make you eligible. In a nut-shell, the only loans that qualify for NURSE Corps forgiveness are those that were used for nursing training costs (like undergraduate or graduate nursing courses). Any input on this is greatly appreciated! Issues that would make you ineligible to receive benefits include: If you meet any of the above conditions, then you will not be able to receive loan forgiveness benefits from the NURSE Corps loan repayment program. I recently started a BSN program in September 2015 that will be completed around November 2016. Consider speaking to the HR people at your workplace to ask them whether or not you qualify (before filling out all the forms and going through all the trouble to apply for benefits…). Make sure you sign up for the email alerts from them that notify when application season begins. If it is, do these two things: You will receive 60% of your total outstanding, qualifying, nursing education loans over the course of two years. Ran into this site on accident while looking up NURSE CORP, but glad I found it for further info. Connect with NHSC. If your loans are FEDERAL then your best option is going to be finding a way to work for a Non-Profit or in the field of Public Service… many Nursing positions will allow you to satisfy those requirements, which would let you qualify for the Public Service Loan Forgiveness Program (PSLF). Yes, absolutely! I won’t be able to afford the move with my student loan payments but if they are paid while working at the site I will be able to afford it. Good luck! Janar333 (New) Specializes in Family. Specializes in Pediatrics, Burn/Trauma, Med-Surg, Nurse Education. You should definitely try to avoid Private Loans if it’s at all possible, because there are very few benefits available to them. If your hospital isn’t on the approved list of Critical Shortage Facilities then no, you won’t qualify. Do private loans qualify for NURSE Corps loan repayment? You received your nursing education from an accredited school of nursing located in a U.S. state or territory. The Growth of the Nurse Corps Workforce in Rural and Underserved Communities. To search an online database for eligible HPSA facilities in your area, please navigate to the HRSA’s HPSA Finder, here. I applied for Nurse Corp repayment program last year, I am an APRN who works in federally qualified shortage facility in CT. My income is less than the amount of federal loan I owe. Given the large loan repayment award offered by the NHSC, many nurse practitioners look into the application process. Here’s what the application deadlines have been in years past: Make sure that you include all of the required supporting documentation described in the Application and Program Guidance document, and that all of it is properly uploaded to the Program Portal, or your application will be rejected. For 2019, the program is NOT accepting any applications, as it did not receive funding and is therefore put on an indefinite pause. Specializes in Pediatrics, Burn/Trauma, Med-Surg, Nurse Education. In exchange, recipients honor a two-year service commitment at a health care facility with a critical shortage of nurses or an eligible school of nursing in the case of nurse faculty. or non-Federal payment obligations (like court-ordered child support payments, mortgage payments, car loans, etc. As far as I’m aware, this was by far the best Student Loan Relief Program in existence, with no other program offering even remotely close to the same level of financial assistance. I have heard of multiple people having success getting their locations added to the list. How to contact us. Legally, they’re obligated to tell you the truth about available benefits. I was just wondering when the program will be starting for 2016? 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