2004 Nursing Education Loan Repayment Program: deadline 2/25/04

[NRSKarenRN, BSN, RN]

the fy 2004 nursing education loan repayment program ( nelrp) cycle is

now available. the program offers registered nurses economic assistance

to repay their educational loans in exchange for service to the

underserved in certain healthcare facilities. all nelrp participants

must enter into a contract agreeing to provide fulltime employment in an

approved critical shortage facility for 2 years. in return, the nelrp

will pay 60 percent of the participant's total qualifying loan balance

for a 2 year commitment. a participant who agrees to serve 2 years may

be eligible to amend the nelrp contract and work a third year in a

critical shortage facility, for which the nelrp will pay an additional

25 percent of the qualifying loan balance.

the fy 2004 nelrp application cycle closes on february 25, 2004.

please visit online at http://bhpr.hrsa.gov/nursing/loanrepay.htm

or call toll free 1-877-464-4772 for more information.