Nursing Student Loan Forgiveness Program

For all those struggling nurses out there. Check out the Nursing Student Loan Forgiveness Program.  The Nursing Education Loan Repayment Program is a selective program of the U.S. Government that helps alleviate the critical shortage of nurses by offering loan repayment assistance to registered nurses and advanced practice registered nurses, such as nurse practitioners, in return for working in a Critical Shortage Facility  and nurse faculty  in return for working full time at an accredited school of nursing. 

In exchange for a 2-year service commitment, participants receive 60 percent of their total qualifying nursing education loan balance. For an optional third year of service, participants may receive 25 percent of their original total qualifying nursing education loan balance.

Participants also receive the salary and benefits they have negotiated with their employing facility.

To be eligible to apply, you must be a registered nurse or advanced practice registered nurse, such as a nurse practitioner, or nurse faculty who has completed training (diploma, associate, baccalaureate or graduate), is licensed and employed full time (at least 32 hours per week) at a public or private, non-profit Critical Shortage Facility or employed as a full-time nurse faculty member at a public or private non-profit school of nursing.

You must be a U.S. citizen (born or naturalized) or National and Lawful Permanent Resident and your education must be from an accredited school of nursing located in a U.S. State.

Find out more about it here. Student Loan Forgiveness Program