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. Nurses who struggle to pay off student loans can be able to get assistance with their student loans from several places. 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. One can get up to 85% coverage for their student loan debts when they use this program. 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. If one is working at a critical shortage facility they can be able to join this program. The critical shortage facility that one will be working must also be in a specific shortage area.
Nurses can get full payment of their student loans when they qualify for Federal Perkins Loan Cancellation and Discharge. 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. The Public Service Loan Forgiveness Program also caters to nurses by helping to pay their student loans. Nurses in the public sector can qualify for this kind of program because it is suitable for people who have been paying their loans for a period of ten years.The program can help public workers by clearing the remaining loan amount of their student loans. One can be able to find student loan forgiveness programs for their state when they do 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 achieve their dreams by looking at the different nursing schools that are available and looking at loan options that are available for nurses. One can get help with their student loan when they search for programs which they qualified for and this will lower their debt. 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.