loan repayment assistance

What Are the Main Loan Repayment Programs Available?

Several major loan repayment programs are available for nurses, including:
1. National Health Service Corps (NHSC) Loan Repayment Program: This program offers loan repayment assistance to nurses who work in underserved areas. It provides up to $50,000 for a two-year commitment.
2. NURSE Corps Loan Repayment Program: This federal program offers up to 85% repayment of unpaid nursing student loans in exchange for a two-year service commitment in a critical shortage facility.
3. Public Service Loan Forgiveness (PSLF): Available to nurses who work in qualifying public service or non-profit organizations. After making 120 qualifying monthly payments, the remaining balance of their Direct Loans may be forgiven.
4. State-Sponsored Programs: Many states offer loan repayment assistance to nurses working in designated shortage areas or in other high-need positions. The eligibility and benefits of these programs vary by state.

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