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. Nursing school graduates who have a difficult time paying off their student loans can get assistance. 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. The benefit of using this program is that nurses will get their student loans paid for up to 85% of the amount owed. Nurses who are eligible for the program can get their student’s loans paid off within a period of three years. 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. The critical shortage facility that one will be working must also be in a specific shortage area.
Federal Perkins Loan Cancellation and Discharge is another program that offers full payment of student loans for nurses. One must be a full-time registered nurse with five years experience or more for one to qualify for this program. To qualify for this program one must have a federal perkins loan. Another program that nurses can consider is 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. The program can help public workers by clearing the remaining loan amount of their student loans. 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. People who live in Florida can benefit from a nursing student loan forgiveness program which targets nurses who work at specific employment sites.
One can look for a good nursing school to study to become a nurse and this will help one to realize their dreams and one should get a suitable student loan for this. 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 discover more about these programs when they go to an online page that talks more about this and this site will offer useful information about the programs.