The Nursing Education Loan Repayment Program, offered by the U.S. Department of Health and Human Services through its Health Resources and Services Administration, aims to alleviate the critical shortage of nurses in the U.S. by offering loan repayment assistance to registered nurses (R.N.s) in return for working in a critical shortage facility.
In exchange for a two-year service commitment, you can receive 60 percent of your total qualifying nursing education loan balance. For an optional third year of service, you may receive 25 percent of your original total qualifying nursing education loan balance.
You will also receive the salary and benefits you have negotiated with your employing facility.
To be eligible for this program, you must:
- Be a U.S. citizen (either U.S. born or naturalized), a U.S. national, or a lawful permanent resident
- Have a bachelor’s or other degree in nursing
- Be employed as a full-time R.N. at a public or private nonprofit critical shortage facility
For complete details, including a program overview, application process, service requirements, application tips, important due dates, a fact sheet, and more, review the information posted on the Nursing Education Loan Repayment Program website.