Nurse Corps Loan Repayment
You already have a job as a registered nurse, advanced practice registered
nurse, or nursing faculty. You apply for loan repayment and receive payment for
a percent of your unpaid nursing student loans in exchange for working in an
eligible facility located in a HPSA or in an accredited nursing school.
Nurse Corps Scholarship
Nurse Corps pays for your nursing school (including tuition, fees, and a monthly
stipend) in exchange for service in an area of need for a certain amount of time.
State Loan Repayment Program (SLRP)
SLRP (pronounced ‘slurp’) is partially federally funded but requires a state or
employer to match the money they give, dollar for dollar. SLRP programs are
typically similar to NHSC (e.g. SLRP programs are required to follow the same
breach penalty as NHSC), but as the state also contributes money, they may be
more flexible in certain aspects (HPSA score needed to apply, etc.). You can see
which states participate in the SLRP here:http://nhsc.hrsa.gov/loanrepayment/
There may be other options to consider in the state you want to work, such as
employer sponsored loan repayment or awards from private foundations.
Independent State Programs
Many states have, through their own legislative processes, created financial
incentive programs for health professionals. These programs will vary from state
to state, searching online or connecting with your PCO are good ways to identify
independent state programs.
Public Service Loan Forgivenesshttps://studentaid.ed.gov/sites/default/files/public-service-loan-forgiveness-
Community-Based or Hospital/Health System-Based Programs
Some communities and even hospitals or health systems sponsor their own
programs. Inquire with an employer during an interview or negotiation phase to
learn more about these opportunities.