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Student Loan Forgiveness for Nurses
Nursing is a rewarding career that will allow you to help others while working in an exciting, challenging environment. Paying for nursing school can be quite expensive and many nurses have considerable student loan balances upon graduation.
If you have outstanding student loans from nursing school, you may be relieved to learn that there is help available. Programs that offer student loan forgiveness for nurses will cancel all or part of your student loans in exchange for work in public service jobs or through volunteering.
Student loan forgiveness for nurses can come from several sources. There are many hospitals and private care facilities that offer loan forgiveness for nurses as incentives for new recruits. Nurses should inquire into such programs when researching companies and applying for jobs.
Working in low-income communities or areas with a shortage of medical professionals is one way of qualifying for some programs.
Health professionals can also have a set amount repaid on their behalf if they are conducting medical research through special programs offered by the US National Institutes of Health.
Individual states also have various programs for student loan forgiveness for nurses. Check with your state to find special loan forgiveness programs that may be available to you.
There is currently legislation in congress proposing to expand student loan forgiveness programs and nursing students could benefit. If you have large student loan balances, check into the many options you have in employment and volunteer opportunities that can help you eliminate or dramatically reduce your debt.
Federal Student Loans Graduates qualify for up to 100% Loan Forgiveness with EdFed.