How Nurses Can Get Student Loan Forgiveness
One of the ways in which it is possible to study for a nursing course is by taking a student loan to enable one to pay for their nursing course. There are options available for nurses who have student loans that they need to pay off and yet they’re having a difficult time. 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. This program normally covers the student loan debt for nurses for up to 85%. 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. If one is working at a critical shortage facility they can be able to join this program.One must be in some specific shortage areas where they work at a critical shortage facility to qualify.
Federal Perkins Loan Cancellation and Discharge is another program that offers full payment of student loans for nurses. This program is suitable for nurses with five years experience or more and they must be full-time registered nurses. This program is only suitable for nurses who have federal perkins loans. Nurses can benefit from a program such as The Public Service Loan Forgiveness Program. For one to qualify for this kind of loan, one must be a worker in the public sector who has been consistently paying their student loans for a period of ten years. 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 that there is student loan forgiveness programs which are suitable for nurses and one can find out this information through research. Nurses in Florida who work at specific employment sites can be able to benefit from nursing student loan forgiveness programs.
People who want to study nursing and they want to get loans for this should do more research on suitable schools which will enable them to achieve their dreams. To ease the burden of student loans, nurses can find out about the programs that they qualify to see whether they’re suitable for them and whether they can help to lessen loan debts. Since there are many student loan forgiveness programs that are available, one should compare these programs before settling on one which offers better benefits. One should highly consider using a student loan forgiveness program, especially if a person sees that they are late in their loan payments for student loans. One can learn about the programs online and read more here on how to join them now.