NELRP 2014

nurse1959 · Sep 17, 2014

Reps at HRSA say to check your junk mail for notification. Can anyone say who the "sender" is when email notification is sent?

nurse1959 · Sep 17, 2014

Is everything completed for you now. Are you a "participant" now?

CRNA2013 · Sep 17, 2014

My contract was signed today. I was one of the 08/15 notificationers if that's helpful to anyone. All the best to everyone applying.

Cad09 · Sep 17, 2014

8/15: email award finalist, I signed the contract same day

9/17: contract signed by OFAM approver

RN, tier 1

feeling so blessed. I need to get that welcome email for it to sink in still...

fingers crossed for everyone still waiting.

ART_RN · Sep 17, 2014

I have verified and you do have to use the money to qualify for the 3rd year, but this prevents you from qualifying for the 10 year public loan forgiveness. Large payments do not count towards your 10 years of payment.
I was just wondering if anyone else is dealing with this issue or has an suggestions, I assume there is not much that can be done.

It looks like the application cycle is also open for those looking to sign on for the third year. I'm in the same boat as above, I started tucking the excess payment away with the intention of making a lump sum payoff of one of my loans. I tried the monthly route for about 10 months, but found that I wasn't getting very far with principal reduction. Anybody else have this problem? I don't want to make a large payment just yet. I'm willing only depending on how strict this continuation contract business is. Any insight?

CRNA2013 · Sep 18, 2014

Welcome letter came today.

shippoRN · Sep 19, 2014

Been watching this thread for awhile. I found out that someone from my hospital already got accepted to the program so I don't think I'm getting it. Just wish they would tell me I'm denied and put me out of my misery.

bellablue22 · Sep 19, 2014

Hello :) I just called and was told by a representative that the deadline has been pushed forward to OCTOBER 31. He said to continue to check email every other day and/or the portal for a welcome packet. He states that decisions are still being made and whether you are accepted or denied, you will hear by October 31. That's great news because I had already given up hope. Now, the waiting game continues!

Oh and he says the email will come from HRSA

random_nurse12 · Sep 19, 2014

I received my first payment this week.

I have a question, also about using the funds, and maybe I am just misunderstanding what others are saying?

Those saving it up to pay a lump sum at the end: are you currently paying the full monthly repayment amount on your loans or are they in deferment?

MeganRNBSN · Sep 22, 2014

Random_nurse12 when did you receive your welcome packet? I am confused about how others are paying as well. I plan on paying off my private loans and putting whatever is left towards my government loans since those are forgiven after 10 years.

RN4KU · Sep 22, 2014

Random_nurse12 when did you receive your welcome packet? I am confused about how others are paying as well. I plan on paying off my private loans and putting whatever is left towards my government loans since those are forgiven after 10 years.

Yes I am paying off my private first. But from what I read to qualify for the 10 year PLFP you must be in one of the income based repayment plans. I was told you can't make large lump payments and have that count as say 6 months of payments. Like right now I'm enrolled in the IBR plan and my payment is around $550.00. So I had planned to pay off my private and then I get $2600 per month and assumed that would basically pay me up for 5 months, but this is not the case. Even after 3 years I will still have over 100k in loans. I am now starting my phd in nursing (because I think in crazy!) the only way it will work for the 10 year plan would be take the money put it in savings and use it monthly for the next 10 years one payment at a time. But since you have to show you used the money for your loans to get the 3 rd year, I need to figure out what would be best. It's so confusing I need a new degree to figure it out!

random_nurse12 · Sep 23, 2014

I also got my official welcome letter today!
edited: I received the finalist email 7/1 and the official welcome letter 8/1. Tier 1, faculty, 113% debt/salary.

I had to go back and find my original reply to remember the dates. I was supposed to receive funding in Aug, but there was a delay so I received double payment in Sept.

The majority of my loan debt is federal. Currently they are deferred. I have a small private loan with a 5K balance. My plan originally was to put everything towards the federal. I still believe that is my best bet. I will still have some left at the end of three years, but nothing as overwhelming as what I have now. I do not believe the 10 years rule will help me. My main issue, my stupidity, comes from deferring for years while going back to school (ASN-BSN-MSN). By the time I make ten years of monthly payments (including my three years in the program), they would be paid off anyway.

I want a doctorate but I refuse to ever take out another student loan as long as I live. If my employer wants to pay for it, then fine. But beyond that, I am done with school.