Forgiveness of Student Loans for Nursing Students
Student loans can become very overwhelming after graduation. Students who studied nursing have a way to relieve some of the burden of student loans. There is a program called the Nursing Education Loan Repayment also known as the NELRP.
This program will relieve 60% of your student loan debt if you meet the required qualifications. To receive the repayment as a nurse you must commit to providing two years of nursing service in a critically low facility. The purpose of this program is to assist in recruiting nurses and retaining employment.
The main requirements you have to reach to be eligible for the loan forgiveness are you must have a baccalaureate or an associate degree in nursing or some similar accredited degree. You must have outstanding qualifying loans obtained for your nursing education. Another requirement is you must have completed a nursing program. You must be employed at a critical low storage facility. Your RN license must be current for the sate which working. You must be an U.S Citizen or an U.S national lawful permanent resident. The last requirement is that you must of submitted a the NELRP application and signed the government contact.
The important things to remember before filling out the NELRP application that it is a government contract and can have serious consequence if broken.
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Student Loan Forgiveness | admin, 30 Sep 07