How Nurses Can Get Student Loan Forgiveness
Some of the nursing students have taken student loans so that they can be able to study nursing. 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 Nurse Corps Loan Repayment Program Is one of the places that nurses can go to get assistance with repaying of their student loans. The benefit of using this program is that nurses will get their student loans paid for up to 85% of the amount owed. It takes the program a period of three years to pay for student loans for nurses who are eligible for the program. If one works full time as an RN or APRN and they are a US citizen or resident, they can qualify for this program. Another requirement for one to join the program is that one must be working at a critical shortage facility. One must be in some specific shortage areas where they work at a critical shortage facility to qualify.
A program such as Federal Perkins Loan Cancellation and Discharge 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. To qualify for this program one must have a federal perkins loan. Nurses can benefit from a program such as 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. One can research more about student … Read More..Read More →