After countless hours of studying and effort, you’ve finally achieved your dream of becoming a nurse. However, fulfilling your dream may have come at a steep price: hefty student loans. It can be difficult to start a career with such a huge and foreboding burden looming over you. However, most people in the nursing field have access to student loan relief for nurses. Here are some of the options available.
Student Loan Forgiveness
Student loan forgiveness is available to anyone working within the public service sector. As such, it may serve as suitable student loan relief for nurses. The requirements for this form of student loan relief involve paying your student loans regularly for a decade, as well as having a full-time job within the public service field. Additionally, you must have started making payments on your loans from October 2007 onward.
The NURSE Corps has composed a special program designed solely to provide student loan relief for nurses. More specifically, it seeks to assist nurses working under CSFs, or critical shortage facilities. To qualify, you must not only be a CSF employee, but also work a minimum of 32 hours each week. Should you qualify, the NURSE Corps program can receive up to 60 percent repayment for their student loans. While the program generally lasts two years, nurses can also apply for an additional year that shaves off another 25 percent of their overall loans.
Federal Perkins Discharge/Cancellation
This particular form of student loan relief for nurses is only available to those who work full-time within the nursing field and have taken out Federal Perkins loans. You also must have earned registered status. On top of this, you must have obtained your loans prior to September 30, 2017, when the Federal Perkins company officially expired. Should you meet all of the qualifications, you can have your loans fully discharged within half a decade.
Anyone interested in learning more about student loan relief for nurses can get in touch with Optimum Doc Prep by calling 877-207-8086 or visiting their website.