Accessed Feb. 28, 2020. States like California require nurses to work full time for two years, or part time for four years. University of Kentucky College of Medicine. Nursing Student Loan Forgiveness Program Information, Initial Application, Employment Verification and Loan Principal Certification . Some states do not offer specific state-level programs for nurses (or are not currently funding them), but federal-level programs like the NHSC or NURSE Corps may apply to nurses in those states. Accessed Feb. 28, 2020. Go to the Oregon state website for more information about this program. "Health Professionals Loan Repayment Program." Rural Communities Health Care Investment Program (RCHIP). Registered nurses, advanced practice registered nurses, and nurse faculty can apply. Your school’s financial aid office or the servicer will provide you with the necessary forms and instructions., NURSE Corps will pay up to 85% of your outstanding nursing loan debt if you work in one of the nation’s thousands of Critical Shortage Facilities, or teach nursing at an eligible institution. Forty-seven states and the District of Columbia all have special student loan forgiveness programs for residents of their states. Federal and state programs provide various levels of student loan forgiveness for qualifying nurses. The Pennsylvania Primary Care Loan Repayment Program (LRP) normally offers nurse practitioners and certified nurse midwives up to $60,000 in student loan repayment assistance for working full-time ($30,000 for part-time) as primary-care providers. Federal Student Aid. While guidelines and award amounts vary by state, generally nurses need to be U.S. citizens and hold a valid state license. Florida Department of Education Office of Student Financial Assistance 325 West Gaines Street, Suite 1314 . "Perkins Loans." For more information, visit the program’s website. There are a large number of student loan programs at the period of the 2019 year, many of which are offered to nurses, as the nursing industry continues to play an essential role in the medical field. Similar to many of the other state programs, the goal of the Wyoming State Loan Repayment Program is to increase health care providers in its federally designated HPSAs.. Indiana State Department of Health. States like California require nurses to work … Accessed Feb. 28, 2020. Payments must have been made after Oct. 1, 2007, to count toward your total number of payments. Here’s a list of federal and state programs available, including which nursing professions qualify and how much assistance you may be able to get. Accessed Feb. 28, 2020. This article will lay out all of these programs so you can make sense of all the jargon, acronyms, and requirements. For more information, go to the Rural Health Information Hub website. Accessed Feb. 28, 2020. Accessed Feb. 28, 2020. "Kentucky State Loan Repayment Program." , The Nursing Loan-For-Service Program provides loans as well as forgiveness for nursing students. Arizona Department of Health Services. The loan amounts are then forgiven at a rate of 25% for each year that the recipient is employed full-time at an eligible nursing program.. Ask a Nurse: How Do You Balance School and Work? Check the program’s website for more details. The expense of nursing school, coupled with the lack of a proper job, has made it very difficult for nurses to acquire the relevant qualifications needed for meeting the shortage of RNs across the country. You can find program applications on the Kansas Department of Health and Environment website. When nurses make a commitment to work for at least two years at an NHSC-approved location, they can receive loan repayment assistance. The state-funded programs will give you the opportunity to have some or all of your debt reduced. California’s Office of Statewide Health Planning and Development. This includes nurse practitioners, psychiatric nurse specialists, clinical nurse specialists, and certified nurse-midwives. For instance, Duke University Health System ’s Nursing School Student Loan Forgiveness Program awards full-time registered nurses up to $25,000 if they work in procedural areas. "Michigan State Loan Repayment Program Overview." It requires a three-year commitment (and the maximum is four years) to teach in a postsecondary program in Minnesota. Illinois offers a couple of programs that could be a path to student loan forgiveness for some nurses. Students must maintain a “C” average or better to quality for tuition reimbursement. The Florida legislature created the Nursing Student Loan Forgiveness Program in 1989 to encourage nurses to work in Health Professional Shortage Areas in exchange for loan repayment assistance. APRNs and certified nurse midwives can get $10,000 to $20,000 per year through the Vermont Educational Loan Repayment Program for Health Care Professionals. Additionally, nurse practitioners and advanced practice nurses may qualify for the Health Professional Loan Repayment Program, which requires a two-year, full-time service commitment in a New Mexico medical care shortage area. To help mitigate the burden of student loan debt, student loan forgiveness programs for nurses offer financial assistance in exchange for work commitments. If they agree to enlist in the U.S. Army Nurse Corps and complete at least three years of service, nurses can receive up to $120,000 in funding to repay their student loans. The cost can be prohibitive for many wishing to enter the profession, making student loans a lifesaver. Student Loan Forgiveness for Doctors Doctors can qualify for student loan forgiveness through the National Institutes of Health Loan Repayment Programs and the Public Service Loan Forgiveness program . You can learn more about this on the Idaho Department of Health and Welfare website. While guidelines and award amounts vary by state, generally nurses need to be U.S. citizens and hold a valid state license. Awards amount to a maximum $100,000 for the initial two years—50% of that amount comes from a … Ask a Nurse: Am I Too Old for Nursing School? "Oregon Partnership State Loan Repayment Program (SLRP)." The amount of loan forgiveness you receive is primarily based on the community you work in and the level of need. Many programs require nurses to work in a federally designated Health Professional Shortage Area (HPSA) in exchange for loan forgiveness. Certified nurse-midwives and nurse practitioners in this state should look into the Health Professions Loan Assistance Program. New York State Higher Education Services Corporation. To apply for the NURSE Corps program, create an account on the NURSE Corps portal and submit an online application. Accessed Feb. 28, 2020. Accessed Feb. 28, 2020. Amounts of loan forgiveness vary for two years of full-time service in an underserved area of the state. Maryland Higher Education Commission. Under the Rural Communities Health Care Investment Program, Texas provides partial student loan reimbursements or stipend payments to non-physician health care providers who agree to work full-time in medically underserved areas of the state for at least one year. Public Service Loan Forgiveness If you are employed by a government or not-for-profit organization, you may be able to receive loan forgiveness under the Public Service Loan Forgiveness Program . Accessed Feb. 28, 2020. Programs may offer full or partial financial help when nurses commit to work in specific underserved areas. There are loads of state-sponsored student loan forgiveness programs. To apply or find out more, visit the Montana University System website. There is high demand for nurse practitioners. Ohio Department of Higher Education. Full-time participants can get $30,000 to $50,000 in loan repayment funds for an initial two-year commitment; part-timers, $15,000 to $25,000. "State Loan Repayment Program." Public Service Loan Forgiveness (PSLF) is available for individuals in any profession, including nursing, who do qualifying public interest work. "Other Employment or Volunteer Service That Qualifies for Perkins Loan Cancellation." "ND Advanced Practice Registered Nurse Loan Repayment Program." In return, they can get an award of up to $75,000, if that doesn’t exceed their debt amount. Public Service Loan Forgiveness (PSLF) is one of the most popular loan forgiveness programs in the country. Qualified applicants must work at least 30 hours a week at a site that meets the program guidelines. Accessed Feb. 28, 2020. Find out what to expect from a nursing program as a nontraditional learner. The NFLP offers up to $35,500 for each academic year. Nurses can receive up to $27,000 per year in loan forgiveness depending on the position and location. To receive financial help, nursing students must attend an accredited nursing school, sign a promissory note, meet academic standards, and show an interest in working as a nurse educator. Go to this state website to find out more. Go to the program’s website for further information. The program offers up to $4,000 per year for a maximum of four years to nurses who work full time at qualifying organizations. Nurses in the Sunshine State may want to look into the Florida Nursing Student Loan Forgiveness Program. Participants exchange a year of service in a designated region of California for an award of up to $10,000. "Nursing Faculty Loan Redemption Program." Accessed Feb. 28, 2020. Make sure you complete the entire application. The conditions for discharge are narrow, including bankruptcy, permanent disability, a closure of the educational institution before completion of the study, or death., To apply for cancellation or discharge, you’ll need to reach out to the school that issued the Perkins loan or your loan servicer. Annual awards are either $20,000 or $27,000, based on how hard the positions are to fill. North Dakota has the ND Health Care Professional Loan Repayment program. Military Student Loan Forgiveness Programs for Nurses; State-level Student Loan Forgiveness Programs for Nurses; Concluding thoughts ; National-level Student Loan Forgiveness Programs for Nurses. To apply for the school, candidates must also submit two letters of reference, a resume, and application fee. The student commits to practicing in a designated New Mexico shortage area and will get a portion of their loan forgiven for each year of service, for up to 100% forgiveness.. Full-time working nurses who have made at least 120 monthly payments on their Direct Loan through an income-driven repayment plan can find a reprieve from their debt through this program. For more information, check out the Wyoming Department of Health website. The loan repayment is provided in a mix of federal loans and a 50/50 match from a sponsor, such as an employer, non-profit, or community organization. Eligibility for these programs usually entails a service obligation at a hospital, clinic, nursing school or other health care facility in a high-need area. Minnesota has a couple of different programs that could help nurses with their student debt. A program in Indiana offers student loan forgiveness to a more limited set of nursing professionals. In return for agreeing to serve at a qualifying facility, in a qualifying position, and working full-time, you can earn up to $50,000 in forgiveness In return for working half-time, you can earn up to $30,000 in forgiveness for the same time allocation (2 years of half time work) The applicant’s work or volunteer history also determines whether they can receive reimbursement for all or some of their outstanding loans. Nurses who work as educators in the state can receive up to $40,000 toward repaying student debt total, paid out at a rate of $8,000 per year.. Some nurses also receive a signing bonus. Crowley reminds nurses considering these programs that “because of the requirements set by these programs, nurses won’t have the flexibility of where they work or switching employers without loss of the forgiveness benefits.”. The Nurse Corps Loan Repayment Program (NCLRP) is one of the top options for nurses looking for nursing loan forgiveness. The Indiana Health Care Professional Recruitment and Retention Fund Program offer loan repayment to nurse practitioners, RNs and other health professionals willing to work in Indiana counties with high numbers of opioid deaths. Resources and articles written by professionals and other Nurses like you. Full-time practitioners are required to fulfill a two-year service obligation, and loan repayment awards range from $10,000 to $25,000 a year, depending on how much a participant’s employer is willing to match.. Accessed Feb. 28, 2020. "Rural Communities Health Care Investment Program (RCHIP)." (Stipends are awarded to those without a loan balance.). The Department of Education forgives your remaining federal Direct Loans after 10 years of qualifying repayments — and unlike other programs, you don’t have to pay taxes on the forgiven amount. The program requires a commitment of two years working in underserved communities in Massachusetts and awards up to $25,000 a year, for a total of $50,000 in repayment assistance. The Nursing Incentive Program offered provides a unique funding option for nursing students. Virginia Department of Health. Accessed Feb. 28, 2020. If you have a bachelor’s in nursing and are currently licensed as an RN in California, you could be eligible for the Bachelor of Science Nursing Loan Repayment Program (BSNLRP). Accessed Feb. 28, 2020. "Nebraska Loan Repayment Program for Rural Health Professionals." Nursing professionals such as nurse practitioners and psychiatric nurse specialists could qualify for the North Carolina State Loan Repayment Program. You can submit an online application with supporting documentation via the federal Bureau of Health Workforce (BHW) Customer Service Portal. A community match of $400 per year ($2,000 total) is required.. "Loan Repayment Program." Eligible nurses must work in a high-need facility, known as a “critical shortage facility,” for at least two years, or at an approved college. Accessed Feb. 28, 2020. RNs who hold a degree from a Maryland college can qualify for assistance through the Janet L. Hoffman Loan Assistance Repayment Program. See the Virginia Department of Health website for more details. Public Service Loan Forgiveness (PSLF) is a valuable program for any recipient of a federal Direct Loan who works full-time for an eligible employer, such as a government agency or nonprofit organization. This program forgives the outstanding balance on your student loans after 10 years or 120 qualifying payments under certain federal repayment plans. "State Loan Repayment Program." © 2020 NurseJournal.org, a Red Ventures Company. "Health Professions Loan Assistance Program Information." Missouri Department of Health & Senior Services. Want to go back to school for a nursing degree but think you might be too old? Accessed Feb. 28, 2020. The Minnesota Nurses in Long Term Care Loan Forgiveness program offers $6,000 a year, for up to $24,000 over four years, in student loan repayment funds to RNs and LPNs who work in long-term care facilities such as nursing homes.. However, nurses should understand program specifications before accepting funds. The FLRP benefits nursing instructors who devote their careers to teaching the next wave of nurses. Applicants must meet academic standards and enroll in a program through the Kaiser Permanente School of Allied Health Sciences. The maximum award for a four-year service period is $140,000, which is to be used toward a qualifying educational loan. Rural Health Information Hub. Idaho Department of Health and Welfare. Each state offers loan forgiveness for nurses but the requirements, eligibility, and work commitment vary. Accessed Feb. 28, 2020. 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