The best repayment plan for a nurse depends on individual financial circumstances. For example:
Income-Driven Repayment Plans are ideal for those with lower starting salaries or high debt-to-income ratios. These plans can cap payments at a percentage of income and offer forgiveness options after 20-25 years of qualifying payments. Public Service Loan Forgiveness (PSLF): Nurses working in qualifying public service jobs may be eligible for PSLF, which forgives the remaining balance on Direct Loans after 120 qualifying monthly payments under a qualifying repayment plan.
