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Federal Loan Reimbursement Program

First Year   (2,007 Views 7 Comments)
by Jarreux Jarreux (Member) Member

1,468 Profile Views; 18 Posts

Hello,

Has anyone applied to this program and had success with it? I'm curious to hear about your experience. It says up to 60% reimbursement of the loan balance, does this mean if I pay off a big chunk now (during my grace period) I will get reimbursed less if I get approved later?

Thanks!

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HouTx has 35 years experience as a BSN, MSN, EdD and specializes in Critical Care, Education.

9,051 Posts; 44,933 Profile Views

Are you working in a 'medically underserved' area?

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Are you a credible source? Add your Credentials, Experience, etc.

248 Posts; 6,776 Profile Views

Somewhere I saw statistics that only a thousand or so applicants were awarded last year? I've checked out the website and I think the application process is lengthy, too. Not to dissuade you... Hopefully somebody has some more positive news. On the other hand, what have you got to lose by applying? If you are indeed working in an eligible institution, seems like you're part of the way there! I'll be interested in what kind of feedback you get. Good luck!

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Shiner50 specializes in Critical Care.

162 Posts; 4,201 Profile Views

Only 30% of the funding for the NELRP is going to RNs this year. The rest is going to NPs (50%) and nursing faculty (20%). Pretty much, you need a really high HPSA score and a really high debt to income ratio to have a chance :uhoh3:

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