Nurses can receive up to $50,000 in funds to help pay back loans for their first two years of work.
New nursing graduates who attended school in Florida and outside the state along with alogn with experienced nurses in Florida have a unique opportunity to get rid of debt. Through its Nursing Student Loan Forgiveness Program, Florida provides up to $4,000 per year for no more than four years to nurses who work full time at eligible organizations.
To gain eligibility, nurses must have a license within Florida as an LPN, RN, or APRN. They also must have student loans from a nursing program in Florida.
Nurses within Illinoisespecially those just graduating from a nursing program- who decide to work in veteran’s homes may receive loan forgiveness of up to $5,000 per year for a maximum of four years.
- A resident of Illinois
- Receive employment verification by the Illinois Department of Veterans Affairs
- Meet licensing standards created by the Illinois Department of Financial and Professional Regulation
The state’s Health Care Loan Repayment Program necessitates nurses work a minimum of five years for a $6,000 or 20 percent of the loan balance reduction.
The Louisiana State Loan Repayment Program aims to recruit health care workers to work in rural or urban communities for loan help.
Nurses must work full-time in a shortage area or a nonprofit to receive up to $15,000 a year with a three-year period minimum. You must have a license in Louisiana and not be in default.
The Michigan State Loan Repayment Program provides repayment assistant to both dentists and medical providers for up to $200,000 for eligible loans. It’s expected that they serve in underfunded communities. Only ARPNs qualify for this loan.
The Minnesota Nurse Loan Forgiveness Program provides repayment to registered or licensed practical nurses who work in a designated nursing home or with people who have developmental disabilities. However, this program requires a two-year commitment. The contract can get extended for two more years for those working in nursing home facilities. Qualified candidates can earn $5,000 every year and a maximum of $20,000 over the course of four years.
The Montana Institutional Nursing Incentive Program grants registered nurses loan assistance who work full time at a Montana state hospital or state prison. Qualified candidates need to submit documentation stating that their loans are more than $1,000. The amounts awarded depends on state funding. Candidates can only apply for repayment for four years.
The Oregon Partnership https://badcreditloanshelp.net/payday-loans-sc/ State Loan Repayment Program asks the nurse to commit either two years of full-time service or four years of part-time service in a health shortage area. Full-time nurses are eligible for up to $35,000 a year and part-time workers can receive up to $17,500 a year.
Through the Pennsylvania Pri, registered nurses who choose to work in shortage areas can receive loan repayment. Qualified candidates are eligible for up to $60,000 for full-time nurses, while part-time nurses can receive up to $30,000. Candidates must serve at least two years.
Within the state, nurses may qualify for the Rhode Island Professional Loan Repayment Program. To receive these funds, you must work either two years of full-time work or four years of part-time work within a shortage area.
Tennessee offers the Graduate Nursing Loan Forgiveness Program. This program is dedicated to help Tennessee residents who are registered nurses to become nurse educators. To qualify, applicants have to be a Tennessee resident, have a Tennessee nursing license, and be enrolled in an eligible master’s degree or post master’s degree nursing educational program.