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How Nurses Can Get Their Student Loans Forgiven. If you meet the criteria for getting your student loans forgiven, there are 2 options for how that forgiveness will take place: If the FSA already has your financial information, the refund should be automatic and you won't need to do anything.
Nurse Corps Loan Repayment Program (Nurse Corps LRP) We pay up to 85% of unpaid nursing education debt. In exchange, you serve at least two years. You must serve in a Critical Shortage Facility (CSF) or an eligible school of nursing.
What is student loan forgiveness? Depending on the degree and the educational institution, the price tag of a nursing education can range from $11,950 to $61,080 per year. If you were...
Student loan forgiveness is the primary repayment strategy for many nurses: 57% of nursing students said they planned to utilize the Public Service Loan Forgiveness program, or PSLF, to reduce...
President Biden’s new income-driven repayment plan promises to slash monthly payments for many borrowers. Thanks to the plan, student loan forgiveness for nurses is more within reach. Practical nurses stand to benefit most, as it will erase their remaining student debt after 20 years of repayment.
Licensed primary care clinicians can receive loan repayment assistance through the NHSC Loan Repayment Program. Providers must be in an eligible discipline. In exchange for loan repayment, you must serve at least two years at an NHSC-approved site in a Health Professional Shortage Area (HPSA) .
The Biden-Harris Administration announced today the approval of $5.8 billion in additional student loan debt relief for 77,700 borrowers. These approvals are the result of fixes made by the Administration to Public Service Loan Forgiveness (PSLF).
Student loan forgiveness, also called student loan cancellation or loan discharge, refers to programs that help eliminate some or all of your student debt. Many programs require you to work...
By cancelling loans after 10 years of public service, PSLF removes the burden of student debt on public servants, makes it possible for many borrowers to stay in their jobs, and entices others to work in high-need fields.
Student loan forgiveness for nurses is available through various debt relief programs. Learn how to wipe away your nursing student loans.