Private loans ARE actually eligible for repayment. Subscribe. California. Is the application window closed for 2017? It always ends up being their call (though you do have opportunities to appeal if they say no). For a full fact sheet on the program, click the button below. Sign up for email updates. A HPSA is an area lacking enough primary care or mental health professionals. This program was created because there is a severe shortage of professional Registered Nurses across the country, and because demand for RNs is almost guaranteed to continue increasing as the baby-boomers reach older age. Alright, loans that were used to school that lead to my ADN qualify, but loans that were used for LPN school don’t qualify? 2020 Nurse Corps Loan Repayment Program. All of my classes my first 3 years were towards a nursing program. Basically, the idea is that you have to finish your debt accumulation (finish school), then start working toward forgiveness. The NURSE Corps Loan Repayment Program (also called the NURSE Corps LRP) is an updated version of the old Nursing Education Loan Repayment Program (NELRP), and was designed to encourage more people to become Registered Nurses (RNs). Like I said, you’ve got lots of options when it comes to getting help with your loans! You may want to contact whoever services your loan, however, and ask them if they’re aware of any benefits for part-time Nurses. For those who have applied before:1. A Critical Shortage Facility is either located in or serves the population of a federally designated primary care or mental health professional shortage area (HPSA). I’m turning 50 in July. Find health workforce data … waiting…. Nurse Practitioners do qualify for the benefits, yes. In exchange for working in a designated high need area for two years, qualified applicants will have 60% of their total unpaid nursing education debt paid off through the program. Yes, you'll enter the W2 under the Federal Taxes tab, in the Wages & Income section, just as if it were a W2 for employment. There are some other programs available for Nurses, check out all the options you may be entitled to here. Basically, the program is there to encourage more people to become RNs, and to encourage more people to go into Nursing education positions. You are reading page 5 of 2020 Nurse Corps Loan Repayment Program. The State of North Dakota has established loan repayment programs for health care professionals willing to provide services in areas of this state that have a … You are reading page 3 of 2020 Nurse Corps Loan Repayment Program. You must serve in a Critical Shortage Facility (CSF) or an … NurseLizabeeRN, BSN, MSN, RN. Call: 1-800-221-9393 | TTY: 1-877-897-9910 Are there any place that offers debt forgiveness/relieve for LPNs. If you have questions, contact your HR department – they should be able to help. I work full time hours or just short of it some weeks but since I don’t need the Insurance and want specific days off I am PRN status. This is the best part of the NURSE Corps program, because the percentage of loan forgiveness on offer is substantially higher than from any other Student Loan Debt Relief program that I’ve ever run across, including: That means you can get 85% of your nursing education loans paid off simply by serving in the field that you wanted to work in anyway for just three years! For details on how PSLF works, visit my page about the Public Service Loan Forgiveness Program. Here’s a breakdown of the loans that qualify, and those that don’t: Loans that do qualify for forgiveness benefits include loans that were obtained specifically for actual education-related costs like: Examples of qualifying loans would include, Nursing Student Loans that cannot be cancelled, Stafford Loans, Supplement Loans for Students, etc. We offer programs that repay part of your school loan debt. As far as I know, this is always the requirement of any sort of Federal Student Loan Forgiveness Program. Read through it for details on qualifications. Page 14 of the 2019 Nurse CORPS Guidlines says: “Qualifying Loans – include government and private (commercial) loans…”. 2. You should definitely submit an application as soon as possible, and make sure that whoever services your loan agrees that you qualify the requirements of the program. Would I still be able to apply for help even though I haven’t made the “120” payments? Sign up to get an e-mail when it does. 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