NELRP 2011 awardees - page 6

So, I decided to start the thread as Strider suggested. Great idea :up:;) for us awardees to start talking. I have read that the way we get further taxed is that this now becomes a part of our... Read More

  1. by   goingcrazy here
    well i filed this year on h/r block online. i claimed single with 0 exceptions throughout the year and so did my husband (we are just recently married) we ended up still getting an additional 1400 in federal taxes back even after the nelrp w-2. so maybe you should try to claim less during the year so its not such a noticeable hit than at the end of the year. think of it as your federal tax/state tax savings acct every payday. so, as for being married we didnt see a huge hit it actually helped us hope this helps you some....
  2. by   tessRN86
    Thanks for making me feel better about how it's going to go now that we are married! I had been hearing terrible stories.

    I did ours on the H&R block website as well. Our federal return was awesome, so no issues there. We also claimed single and 0 all year.

    I'm more concerned about state taxes since they don't take those out like they do the federal taxes. We owe some state taxes this year, which is from the extra "income" that isn't taxed at the state level, and I just don't want that to get out of control.

    PS. Congrats on the marriage!
  3. by   VickiRN08
    Has everyone received their W2 from NELRP? I have not received anything yet, and that is the only thing I'm waiting on to finish doing my taxes! I just started receiving this award in 2011, so I'm new to all this. I tried to call them, but sat on hold for almost an hour before finally leaving a message on the voice mail. I've done that twice & left 2 messages, but haven't heard anything.
  4. by   goingcrazy here
    i did receive mine last saturday they were sent out in a mass bunch on the 31st. you havent moved or anything? if so they may not have your updated address and they usually wont forward federal documents such as w-2?
  5. by   the1anonlycarol
    Hi Guys, I'm an NELRP Recipient from August 2010. I remember last year I got my tax form for NELRP on time, but I have not yet received it for this year. They legally have to mail them out by January 31st, but as of today I still have not gotten it. I called them last week, was on hold for a while but finally got through, they said I could call back on 2/15 if I still haven't received it. Looks like that's what I'll be doing tomorrow then... As to getting the grant for the third year, I'm not sure how difficult it is to get... I sent an email to NELRP in December asking about it...didn't get me too far... and I see now on the NELRP website that the application for third year will begin in March. Congratulations to all of you! So glad to have discovered the threads on AllNurses for NELRP and have gotten the grant myself! I've now (almost) paid off two of my highest interest loans. So many hurdles to jump through, but so worth it!
  6. by   RNeduc8r
    Hi lucky people!

    I am currently applying for the 2012 NELRP. I've received the initial email requesting intent and banking information, so of course now I can't stop thinking about how wonderful this will be if I am actually accepted!

    I have a question for y'all--how did the tax thing work out? Any advice would be much appreciated!
  7. by   goingcrazy here
    I Made an extra 1400 but i claim o all year then 4 at the end of the year. they take out like 30% in taxes so it didnt hurt me and most of everyone who commented said they werent hurt either. I would continue to make your normal pmts because your used to not having the money and apply your hrsa pmt to your highest interest loans esp any private ones because they usually have a variable rate vs federal which has fixed rates. i know some people are doing their lowest balance to see a quick return but i am looking that long term i will save more interest and the payments are higher on my high interest loans. it is very easy to do as far as verifying employment and everything else. good luck
  8. by   aliciaj456
    Hi guys, future applicant here. Just wondering what tier the awardees were mostly in? What was the debt to income ratio?

    Is there a way to find out how the funds were dispersed based on the tiers?
  9. by   tgonzalez
    Does anyone still look at this post? I have received an email for intent to award for 2012. I have one question, if I do get it? The 3rd year at 25%? Is that 25% of what you originally owed or what the balance is at the end of the 2nd year? Because if I do get the award I was going to continue making my monthly payment with the scholarship money? I have read tons of your posts and we have a blog for 2012 and believe me ya'll have kept me going....I didn't receive it last year but hopefully my luck is looking up.
  10. by   tgonzalez
    Quote from tgonzalez
    Does anyone still look at this post? I have received an email for intent to award for 2012. I have one question, if I do get it? The 3rd year at 25%? Is that 25% of what you originally owed or what the balance is at the end of the 2nd year? Because if I do get the award I was going to continue making my monthly payment with the scholarship money? I have read tons of your posts and we have a blog for 2012 and believe me ya'll have kept me going....I didn't receive it last year but hopefully my luck is looking up.
    Clarification....I was going to continue my automatic withdrawal and add the scholarship money as extra payment every month...if that makes since...payoff quicker
  11. by   RNeduc8r
    It's 25% of the original balance.
  12. by   RN4KU
    I received the award for 2013, I was under the assumption that we would have to show payment verification basically showing that we used the loan money to pay our student loans. I just did my 6 month verification and it did not include sending in documents from my loan servicer showing payements. I was curiouse you know if it is possible to use the money for another loan, I have a private parent plus loan not included, under my moms social I would like to pay it off for her, but I dont want to risk messing up the rest of my award.
    Quote from Jmedina46
    I think at some point NELRP will ask for a verification from your student loan servicer about your payments, so if they ask about 6mos when it starts then there better be 6 payments made, I don't think it matters how you allocate it. Yes they will do employment verification checks probably quarterly.
  13. by   the1anonlycarol
    They will check to make sure you are using the $ towards the loans. Do NOT apply the money towards any loans that were not included during the application process. That's just asking for trouble!!!

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