Nursing Education Loan Repayment Program Benefits
To assist in the recruitment and retention of professional nurses dedicated to providing health care to underserved populations, the Nursing Education Loan Repayment Program offers registered nurses substantial assistance to repay educational loans in exchange for service in eligible facilities located in areas experiencing a shortage of nurses.
The Nursing Education Loan Repayment Program will pay 60 percent of the participant's total qualifying loan balance in two years and an additional 25 percent of the original balance for an optional third year. In order to quality, NURSE Corps members must fulfill a service obligation at any one of thousands of nonprofit hospitals, clinics and other facilities located in designated primary medical care or mental health Health Professional Shortage Areas across the U.S.
Nursing Education Loan Repayment Program
The Nursing Education Loan Repayment Program (NELRP) is a federal program in the United States designed to assist registered nurses (RNs), advanced practice registered nurses (APRNs), and nurse faculty members with paying off their qualifying educational loans. The program is intended to encourage nurses to work in facilities and areas with critical shortages of nurses, which are often underserved communities or healthcare facilities in rural or urban areas.
Eligibility for the Nursing Education Loan Repayment Program typically requires individuals to meet certain criteria, including holding a nursing degree from an accredited school, being employed as a registered nurse or nurse faculty member, and having outstanding qualifying educational loans. The specific requirements and terms of the program can vary, so it is essential to review the program details and guidelines provided by the Health Resources and Services Administration (HRSA) or the U.S. Department of Health and Human Services (HHS).
Selected participants in the program may receive loan repayment assistance for a specified period of service at an eligible healthcare facility experiencing a shortage of nurses. In return for the financial assistance provided, participants agree to work at these designated facilities for a predetermined period, typically between two to three years. Participants may receive loan repayment benefits of up to a certain amount per year, with a cap on the total assistance they can receive over the course of the program.
It is advisable for interested nurses to visit the official website of the HRSA or the U.S. Department of Health and Human Services for detailed and up-to-date information on the Nursing Education Loan Repayment Program, including the application process, eligibility requirements, service obligations, and any additional terms and conditions.
Emergency Watershed Protection Program BenefitsNursing Education Loan Repayment Program Benefits
The Nursing Education Loan Repayment Program (NELRP) offers several benefits to registered nurses (RNs), advanced practice registered nurses (APRNs), and nurse faculty members who qualify for the program. Some of the key benefits include:
- Loan Repayment Assistance: The program provides financial assistance to help repay qualifying educational loans. This assistance can significantly alleviate the financial burden associated with student loans, allowing participants to manage their debt more effectively.
- Service Obligation: Participants agree to work at a designated healthcare facility with a critical shortage of nurses for a specific period, typically between two to three years. This service obligation is a requirement for receiving the loan repayment benefits.
- Flexibility in Employment: The program allows participants to gain valuable work experience in underserved communities or healthcare facilities in rural or urban areas. This experience can enhance their professional skills and provide them with a broader perspective on healthcare challenges and opportunities.
- Support for Underserved Communities: By working in facilities experiencing shortages of healthcare professionals, participants contribute to improving healthcare access and services in underserved communities. This aspect of the program enables participants to make a meaningful and positive impact on the health and well-being of individuals in these communities.
- Financial Relief: By receiving loan repayment assistance, participants can experience reduced financial stress, allowing them to focus more on their professional development and providing high-quality patient care. This relief can contribute to overall job satisfaction and career fulfillment.
It's important to note that the specific benefits and terms of the Nursing Education Loan Repayment Program may vary based on individual circumstances and the guidelines set by the Health Resources and Services Administration (HRSA) or the U.S. Department of Health and Human Services (HHS). Eligible nurses interested in participating in the program should carefully review the official program details and consult with program administrators to fully understand the benefits and obligations before applying.
Who is eligible for Nursing Education Loan Repayment Program?
In order to qualify for this benefit program, you must be a U.S. national, citizen or dual citizen. You must also be a licensed registered nurse or nurse faculty, have completed training, and be employed full time at an eligible critical shortage facility. Nurse practitioners and other advanced practice nurses are encouraged to apply.
Temporary Assistance For Needy Families ProgramWhat are the loan terms for Nursing Education Loan Repayment Program?
| Max Loan Length | N/A |
| Interest Rate | N/A |
| Max Loan Amount | N/A |
| Payment Frequency | N/A |
| Prepayment Penalties | N/A |
| Repayment Period | N/A |
Am I eligible?
Review these Nurse Corps Loan Repayment Program (LRP) requirements to find out.
- You are a:
- Licensed registered nurse;
- Advanced practice registered nurse, such as a nurse practitioner; or
- Nurse faculty member with qualifying nursing debt.
- You received your nursing education from an accredited school of nursing located in a U.S. state or territory.
- You work full-time in:
- An eligible CSF in a high need area (RNs, APRNs)
- An accredited school of nursing
Note: We give funding preference to those who need the most help financially.
Why Should I Apply?
You will receive 60% of your total outstanding, qualifying, nursing education loans over the course of two years. After your two-year service contract, you may be eligible for a third year and an additional 25% of your loans. These funds are not exempt from federal income and employment taxes.
What Is a Critical Shortage Facility?
A CSF is a public or private health care facility located in, designated as, or serving a Health Professional Shortage Area (HPSA). A HPSA is an area lacking enough primary care or mental health professionals. Review the APG for a complete list of eligible facilities.
Documents required for Nursing Education Loan Repayment Program
The specific documents required for the Nursing Education Loan Repayment Program (NELRP) may vary based on individual circumstances and the guidelines set by the Health Resources and Services Administration (HRSA) or the U.S. Department of Health and Human Services (HHS). However, some of the common documents typically needed for the application process include:
- Identification Documents: This may include a valid government-issued ID such as a driver's license, passport, or state ID card.
- Nursing License: A copy of the participant's current and valid nursing license is often required to demonstrate eligibility for the program.
- Educational Loan Information: Documentation of all educational loans that qualify for the program, including the loan servicer's contact information, loan account numbers, and current outstanding balances.
- Employment Verification: Proof of employment as a registered nurse, advanced practice registered nurse, or nurse faculty member at an eligible healthcare facility with a critical shortage of nurses. This may include employment verification letters or copies of employment contracts.
- Facility Attestation: Some programs may require a signed facility attestation form from the designated healthcare facility confirming the critical shortage of nurses and the participant's agreement to serve at the facility for the specified period.
- Tax Information: In some cases, applicants may need to provide copies of their recent tax returns or other tax-related documents to verify their income and financial status.
- Loan Servicer Information: Information about the participant's loan servicer(s), including contact details and any relevant account information.
It is essential for applicants to carefully review the official program guidelines and requirements provided by the HRSA or the U.S. Department of Health and Human Services to ensure that they submit all necessary documents accurately and in a timely manner. Additionally, applicants should be prepared to provide any additional documentation or information requested by program administrators during the application process.
Required Eligibility for Nursing Education Loan Repayment Program
The eligibility requirements for the Nursing Education Loan Repayment Program (NELRP) in the United States typically include the following criteria:
- Nursing Education: Applicants must have received a degree in nursing from an accredited nursing school or program.
- Employment: Eligible participants must be employed as a registered nurse, advanced practice registered nurse, or nurse faculty member. They must also be employed at a qualified healthcare facility facing a critical shortage of nurses, as designated by the Health Resources and Services Administration (HRSA) or the U.S. Department of Health and Human Services (HHS).
- Educational Loans: Participants must have outstanding qualifying educational loans that were used to finance their nursing education. These loans must be in good standing and not in default.
- Service Obligation: Applicants must agree to work full-time at the designated healthcare facility with a critical shortage of nurses for a specific period, typically between two to three years, in exchange for loan repayment assistance. The commitment to serve is a key aspect of the program's eligibility criteria.
- United States Citizenship or Legal Residency: Applicants must be either U.S. citizens or lawful permanent residents to be eligible for the program.
It's important to note that specific eligibility requirements may vary based on the program's guidelines and the specific terms set by the HRSA or the U.S. Department of Health and Human Services. Interested nurses should thoroughly review the official program details and guidelines to ensure they meet all the necessary eligibility criteria before applying for the Nursing Education Loan Repayment Program. Meeting all the eligibility requirements is essential for a successful application and participation in the program.
How do I apply for Nursing Education Loan Repayment Program?
Before applying read the Application and Program Guidance. Application cycles are open once a year and are provided for your reference on the program fact sheet.
How To Apply For Nursing Education Loan Repayment Program?
To apply for the Nursing Education Loan Repayment Program (NELRP) in the United States, follow these general steps:
- Review Program Details: Visit the official website of the Health Resources and Services Administration (HRSA) or the U.S. Department of Health and Human Services to familiarize yourself with the specific requirements, guidelines, and application process for the Nursing Education Loan Repayment Program. Ensure that you meet all the eligibility criteria before proceeding with the application.
- Gather Required Documents: Collect all the necessary documents required for the application process, such as identification documents, nursing license, employment verification, educational loan information, tax documents, and any other relevant paperwork as specified by the program.
- Complete the Application Form: Fill out the official application form provided by the HRSA or the U.S. Department of Health and Human Services accurately and thoroughly. Ensure that all the required fields are completed and that you provide all the necessary information and documentation as requested.
- Submit the Application: Once you have completed the application form and gathered all the required documents, submit your application through the designated online portal or via the specified application submission method outlined by the program. Be sure to submit the application within the designated application period to be considered for the program.
- Follow Up: After submitting your application, regularly check for any updates or communication from the program administrators. Be prepared to provide any additional information or documentation if requested during the application review process.
- Comply with Program Requirements: If your application is approved, carefully review and adhere to the program's terms and conditions, including the service obligation requirements and any other obligations outlined in the agreement.
It is crucial to thoroughly read the application instructions and guidelines provided by the Nursing Education Loan Repayment Program to ensure that your application is complete and meets all the necessary requirements. Additionally, reach out to program administrators if you have any questions or need further assistance during the application process.
How can I contact someone?
For more information, about the program, please visit: Program Information For more questions, email: [email protected] Or by phone at:1-800-221-9393.