Steps to Applying for Nursing School Loan Forgiveness Program

Steps to Applying for Nursing School Loan Forgiveness Program

Revised on May 14th, 2010 at 7:14 pm | Financial Aid Counselor | Article of: Student Loan Payments | Resource for: |

As if economy isn’t tough enough, a lot of colleges and universities around the United States have increased their tuition fees. Text books aren’t usually much expensive if you buy the used ones online, but the nursing school textbooks remain at higher price due to increase in demand. Nurse is the only career and job that has been guaranteed secure in the future and has been for many years now. The demand for nurses has soared as the older nurses retire. Without going into too details about the shortage of nurses, more and more students have chosen to become a nurse. Most schools that offer shorter length and no waiting list nursing programs are private colleges where tuition and other fees are very high; so if you are one of those students you might consider applying for a program called Nursing School Loan Repayment Forgiveness. Not many people know about this free program, so it could be considered a first-come first-served type.

Complete step by step guide to applying for Nursing School Loan Repayment Forgiveness Program:

1. Be a licensed LPN or RN in the state of Florida.

2. Get a full-time job at one of the designated sites, which include State of Florida operated medical and health care facilities, public schools, Department of Health county health departments, Federally sponsored community health centers, Teaching hospitals, Family practice teaching hospitals, Specialty hospitals for children, and Match facilities – Other Florida licensed hospitals, birth centers and nursing homes must be matched on a dollar-for-dollar basis by contributions from the employing institutions.

3. Enroll into the NSLFP is quarterly. Complete Applications must be received during any of the following application periods: November 1 – December 1, February 1 – March 1, May 1 – June 1, and August 1 – September 1. You can download the application here.

4. Even though the payments are not retroactive to when you first started working at an eligible designated site, your payments are made at the end of each 12-month enrollment period immediately. The payments are made directly to the lender or holder of your loan, to be applied to the outstanding principal balance only, of your nursing student loan.

Please note that you should also consider looking at the U.S. Department of Health and Human Services, and Health Resources and Services Administration (HRSA) for scholarships, loans, and loan repayment programs for any Nursing or any other health profession educational financial matters.

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