How to Help Nurses? Nursing Education Loan Repayment
To address the serious shortage of nurses at health facilities in certain areas of the United States, an incentive for registered nurses to enter into full-time employment, the nursing education loan repayment program will assist in the repayment of their nursing education loans. The intent of this program is to increase the number of registered nurses serving designated nurse shortage areas.
The nursing education loan repayment program is also known as NELRP. Not everyone can apply for this program. You will have to do some research about the nursing education loan repayment program before deciding whether you want to try for this program.
This program is a competitive program that will repay sixty percent of the qualifying loan balance of registered nurses who have been chosen. In order to receive this funding you will have two years of service at a critical shortage facility. You may also have the chance to work at one of these facilities for a third year and receive an additional twenty five percent of the qualifying loan balance.
In order to participate in the NELRP you will need to submit an application. You can go online to any search engine, for example: http://bhpr.hrsa.gov/nursing and type in nursing education loan repayment program and you will get all kinds of results. Then you will need to find the application, fill it out and submit it.
You want to make sure that you read all of the guidelines before you apply for this program. There are consequences for breaking the contract so you have to make sure that this is a program that you really want to do. If you are not sure then don’t apply until you are.
Applicants must meet the following eligibility requirements by the application due date:
- Be a registered nurse
- Have received a baccalaureate or associate degree in nursing (or an equivalent degree), a diploma in nursing or a graduate degree in nursing from an accredited school of nursing
- Have unpaid qualifying loans obtained for nursing education leading to a degree or diploma in nursing
- Have completed the nursing education program for which the loan balance applies
- Be a citizen, national or permanent legal resident of the United States
- Be employed full time (32 hours or more per week) at a critical shortage facility
- Have a current permanent unrestricted license as an RN in the State in which they intend to practice or be authorized to practice in that State pursuant to a Nurse Licensure Compact.
For more information, contact: Chief, Loan Repayment Programs Branch, Division of Scholarships and Loan Repayments, Bureau of Primary Health Care, Health Resources and Services Administration, 10th Floor, 4350 East-West Highway, Bethesda, MD 20814. Tel: (301) 594-4400.
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