The Nurse Corps Loan Repayment Program (Nurse Corps LRP) continues to be one of the most effective Nursing Student Loan Forgiveness Programs available today. It provides loan repayment assistance to registered nurses and advanced practice nurses in exchange for a commitment to work at least two years at a critical shortage facility or in an eligible school of nursing. This program was made because there is a severe shortage of Professional Registered Nurses across the U.S. and demand for RN’s is guaranteed to continue increasing. It is one of the fastest ways to pay off your student loans completely because it allows for 60% of loans to be paid in a 2 year agreement and up to 85% of your debt to be paid after 3 years of qualifying service.
Eligibility requirements for the Nurse Corps LRP include being a licensed registered nurse, advanced practice registered nurse, or a nurse faculty member with qualifying nursing debt. You must also have received your nursing education from an accredited school of nursing located in the U.S. and work full time in an eligible high need area or accredited school of nursing. Once eligible, you can submit your application by going to the HRSA website and using the Bureau Health Workforce Customer Service Portal. Next you can gather up all the documents that you will need to complete your online application form.
The Nurse Corps LRP is so important because there is a need for nurses in critical shortage facilities. Nursing loan forgiveness offers a great opportunity to earn a degree for a demanding position with great pay without drowning in debt, making this program an amazing deal for anyone looking to get into the nursing field.