The NHSC Loan Repayment Program (NHSC LRP) awards up to $50,000 in exchange for a two-year commitment to provide primary medical, dental or mental/behavioral health care at approved sites in high-need, underserved areas.
Regarding this, can nurses get their loans forgiven?
This federal program is commonly used by teachers as a loan forgiveness program, but nurses can be eligible too. A full-time nurse can be eligible for up to 100% forgiveness if they received Perkins loans before 2017 and have five years of eligible services.
Consequently, how can I get out of NHSC?
Taking Permanent Leave from Your NHSC Site
If you feel you can no longer continue working at your current NHSC-approved site, discuss the situation and/or concerns with your NHSC-approved site management and contact us immediately through the BHW Customer Service Portal.
How can I pay for nursing school with no money?
How to Pay for Nursing School: 5 Programs to Check Out
- NURSE Corps. …
- Native Hawaiian Health Scholarship (NHHS) …
- Nursing Student Loans. …
- Scholarships for Disadvantaged Students. …
- Enlist in the U.S. Army.
How competitive is the NHSC Loan Repayment Program?
The NHSC Loan Repayment Program is competitive. The program plans to offer 2,500 awards to eligible candidates in 2019. As of the fiscal year 2017, there were 2,068 applications but only 181 awards made. Before you apply, make sure you’re eligible for NHSC loan repayment.
How competitive is the NHSC Scholarship?
The NHSC scholarship application process is highly competitive. Each year, there are more than 1,800 applications from hundreds of schools from across the country. Approximately 10 percent of the applicants receive the scholarship award.
How do I get my nursing loans forgiven?
To be eligible for student loan forgiveness for nurses, candidates must be residents, have a nursing license and be enrolled in a higher education nursing program. Candidates must work full-time for four years to have their loans forgiven.
How does the NHSC Loan Repayment Program Work?
The National Health Service Corps (NHSC) Loan Repayment Program (LRP) offers primary medical, dental, and mental and behavioral health care clinicians the opportunity to have their student loans repaid, while earning a competitive salary, in exchange for providing health care in urban, rural, or tribal communities with …
How much is the NHSC loan Repayment?
Maximum repayment during the required initial two-year contract is $25,000 each year. Participants may extend loan repayments beyond two years, one year at a time, to the extent they have unpaid qualifying educational loans and serve at an eligible site.
Is HRSA repayment taxable?
HPSAs can be found in rural and urban communities across the nation. In return, the NHSC LRP assists clinicians with repayment of their outstanding qualifying educational loans. By statute, NHSC LRP funds are exempt from federal income and employment taxes.
What does HRSA stand for?
What Hpsa qualifies for loan repayment?
What specialty qualifies for NHSC?
Primary Care Medical
| Disciplines | Specialties |
|---|---|
| Physicians Allopathic (MD) Osteopathic (DO) | Family Medicine General Internal Medicine General Pediatrics Obstetrics/Gynecology Geriatrics |
| Physician Assistants (PA) Nurse Practitioners (NP) | Adult Family Pediatric Women’s Health Geriatrics |
| Certified Nurse-Midwives (CNM) | N/A |
Who can apply for LRP?
Applicants must meet specific eligibility criteria: Be a U.S. citizen, U.S. National, or permanent resident. degree (except for the Contraception & Infertility Research LRP). Have qualifying educational debt equal to or in excess of 20 percent of their institutional base salary.