Nurse Corps Loan Repayment Program: Full Guide

If you are searching for Nurse Corps Loan Repayment Program, then you are at right place. Here you will find full process by step by step.

Are you passionate about making a real difference in underserved communities? The Health Resources and Services Administration (HRSA) is thrilled to announce the opening of applications for the Nurse Corps Loan Repayment Program. If you’re a Registered Nurse, Advanced Practice Registered Nurse, or nurse faculty member burdened by educational loans, this program is tailored for you.

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Under the guidance of Dr. Luis Padilla, MD, the Associate Administrator of the Bureau of Health Workforce, HRSA aims to alleviate your financial burden while empowering you to serve where you’re needed most. By committing to work in eligible Critical Shortage Facilities or as faculty in accredited nursing schools, you’ll not only receive loan repayment assistance but also play a vital role in addressing healthcare disparities.

This program offers substantial benefits:

  • Up to 60% repayment of qualifying educational loans for a two-year service commitment.
  • Additional 25% repayment for an optional third year of service.
  • Opportunities for full-time service at Critical Shortage Facilities or as faculty members in nursing schools.

Nurse corps loan repayment program 2024 deadline:- The deadline for nurse corps loan application is approaching rapidly— March 7, 2024, at 7:30 p.m. ET. Don’t miss this chance to join a community of dedicated healthcare professionals and make a lasting impact on the lives of those in need.

Apply now and become part of the solution to healthcare inequalities. Together, let’s build healthier, more resilient communities.

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Purposes and Uses of the Nurse Corps Loan Repayment Program:

  • Recruitment and Retention:
    • Assist in recruiting and retaining professional Registered Nurses, including Advanced Practice Registered Nurses.
    • Focus on individuals dedicated to working in health care facilities facing critical shortages of nurses or as nurse faculty in eligible schools of nursing.
  • Loan Repayment Assistance:
    • Provide loan repayment assistance to individuals who commit to working at eligible health care facilities or schools of nursing.
  • Information Evaluation:
    • Evaluate applicants’ eligibility, qualifications, and suitability for participation in the Nurse Corps Loan Repayment Program.
    • Consider the information provided by applicants alongside data from other sources, such as credit bureau reports and National Practitioner Data Bank reports.
  • Disclosure:
    • Certain parts of an applicant’s application may be disclosed outside the Department, as permitted by the Privacy Act and Freedom of Information Act.
    • Possible recipients of disclosed information include the U.S. Congress, the National Archives, the Government Accountability Office, and entities under court orders.
    • Disclosure may occur by routine uses outlined in the System of Record Notice 09-15-0037 for Scholarship and Loan Repayment Program Records.
    • Applicants will be notified if their information is to be shared.

Loan Repayment Details of the Nurse Corps Loan Repayment Program:

Loan Repayment AspectDetails
Total Repayment– Participants will receive funds to repay a portion of their outstanding qualifying nursing educational loans.
60% of Total Qualifying Nursing Educational Loan Balance– Awarded for an initial two-year service commitment. – Participants will receive a total of 60% (30% each year) of their total outstanding qualifying educational loan balance. – Qualifying education loans must have been incurred prior to the application submission deadline and coincide with the applicant’s qualifying nursing education.
Optional Additional 25% of Total Qualifying Nursing Balance– Available for an optional third year of service via a Continuation Contract. – Participants may receive an additional 25% of their original total qualifying educational loan balance as of the effective end date of their initial two-year contract. – Eligibility for a Continuation Contract requires full compliance with all program requirements under the initial contract.
Continuation Contract Eligibility– Participants must have applied all of their previous loan repayment award to their approved student loans. – Continuation Contract award is subject to fund availability.

Note: All information provided is sourced from the U.S. Department of Health and Human Services, Health Resources and Services Administration, National Center for Health Workforce Analysis, 2017. National and Regional Supply and Demand Projections of the Nursing Workforce: 2014-2030. Rockville, Maryland.

Financial Assistance Tailored to Your Service

Recognizing the diverse needs within the nursing profession, the program allocates funding across various categories, ensuring equitable distribution:

  • Maternal Health: Up to $5 million reserved for Advanced Practice Registered Nurses specializing in women’s health, Certified Nurse Midwives, and Registered Nurses with obstetrics and gynecology certifications.
  • Mental Health: A portion of remaining funds designated for Psychiatric Nurse Practitioners, vital in addressing mental health challenges in our communities.
  • Primary Care Setting Critical Shortage Facilities: Reserved for Registered Nurses and Advanced Practice Registered Nurses serving in primary care settings facing critical shortages.
  • Other Critical Shortage Facilities: Additional funding for nurses serving in hospitals and other facilities experiencing shortages.
  • Nurse Faculty: Support for educators shaping the next generation of nursing professionals.

Service Options and Eligibility

Applicants have the opportunity to choose between two service options: serving as a nurse at a Critical Shortage Facility or as faculty at an eligible school of nursing. Once selected, participants commit to their chosen service option for the initial two-year obligation, with the possibility of extending service through a Continuation Contract.

To qualify for the program, applicants must meet certain eligibility criteria:

  • U.S. citizenship or lawful permanent residency.
  • Completion of nursing education at the baccalaureate, associate, or graduate level.
  • Full-time employment as a Registered Nurse or Advanced Practice Registered Nurse at a Critical Shortage Facility or as a nurse faculty member.
  • Outstanding qualifying educational loans incurred during nursing education.
  • Current, unrestricted nursing license in the state of practice.

Join the Mission

In a nation grappling with healthcare disparities, nurses are at the forefront of change. The Nurse Corps Loan Repayment Program not only offers financial relief but also empowers nurses to make a tangible impact in underserved communities. By investing in nurses, we invest in the health and well-being of all Americans.

Apply now and become part of a transformative movement in healthcare. Together, we can build healthier, more resilient communities for generations to come.

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