Employer paying off Student Loans?

Published

So I'm applying to CRNA schools this Summer. I'm planning the loans I'll need to take out to pay for the programs. Essentially I'm planning for $100,000 to $150,000 for the 3 year DNP program including living frugally during those three years.

I'm wondering if any of you have experience in paying off your student loans other than just making payments for the rest of your career? Taking on such a huge debt would be much easier if I knew of employers who may be willing to pay off my student loan debt if I contract to work for them for say 3-5 years?

I'm aware of the military option, I don't feel like the compensation would be adequate.

Now that it's several years later are there any better deals out there with employers paying off student loans? I too am curious about this as I see myself having 100-150k in student loans by the time I finish one day. Docking away money but am curious if any employers are offering anything in paybacks in 2018

Yeah, what Brandon said. As the OP who 3 years later is looking at graduating with my CRNA DNP this Summer I'm still waiting on that option that will pay off the $150,000-$200,000 (Yeah, turns out it was more expensive then I originally calculated).

Crickets... No, nothing then? (except military...) I did know one upperclassman that moved to a rural area and they offered to pay maybe $10K per year for 4 years as long as she stayed. So that is maybe $40k with a 4 year committment and she said it got taxed pretty heavy.

Currently the best bet I've found is moving to a rural area that's offering a high salary and working 50-60 hrs a week.

Hope this helps Brandon!

Thanks Bluebolt appreciate the reply.

Specializes in Anesthesia.

Military has loan repayment programs, but the best offer is to decline the loan repayment and the accession bonus and just opt for the 50k/yr bonus for 4 yrs.

USPHS has similar programs to the military.

There is HRSA. NURSE Corps Loan Repayment Program | Bureau of Health Workforce

Certain IHS positions will sometimes offer above the HRSA rates for bonuses and loan repayment.

The VA has 10k/yr with a lifetime max of 60k. You can also get a complete loan forgiveness if you have 100% VA disability rating.

Those are the ones I currently know about.

Thank you WTBCRNA. Do you know if the VA one can ship you all over like military? I will look into other ones you sent and appreciate the information.

Specializes in Anesthesia.
Thank you WTBCRNA. Do you know if the VA one can ship you all over like military? I will look into other ones you sent and appreciate the information.

The VA is just a government job not a uniformed service, so it's more or less like any other civilian job.

+ Join the Discussion