I'm starting an accelerated RN program in the fall and was curious about possible student loan repayment benefits from area hospitals. I will be getting a Stafford loan but was also considering getting some private school loans from the bank since my credit is very good.
If there is a decent chance that I could find a hospital to work at after I graduate that helps to make some or all of my student loan payments, then I am thinking I might want to load up on as many loans as I am eligible to take with the plan to have my employer foot part of the bill. On the other hand, I don't want to accrue interest for 2 years and then find out that I will have to pay all of the interest and principle anyway because hospitals generally don't help with student loan payments as a benefit.
Is anyone getting their student loans paid for by their employer? If so, what kind of commitment do they demand?
I will be getting loans for sure. I'm just not sure how much liability I should take "gambling" that I might get some help after graduation from an "enlightened" employer.
Any insight would be much appreciated!!!!
Jul 19, '08
Most student loan repayment program (especially the gov't sponsored programs) only reimburse what they call "eligible loans". In general those are subsidized Stafford and Perkins loans. I am not an expert but I know the topic has come up several times on many different forums - you might want to do a search and see what comes up. Also, you could just call a few of the hospitals where you are interested in working and see what they say.