Nurse Corps Loan Repayment Program

[07courtney1993]

Hi everyone!

I'm at a crossroads here and would like some input from anyone who is willing to give it.

I'm about to graduate (March 2016) and start repaying my Stafford and private loans September 2016. I have $120,000 in student loan debt (yes you read that right) and am thinking about taking advantage of the Nurse Corp Loan Repayment Program. This is a government program that will pay back 85% of my loans in 3 years if I work at a critical shortage facility (doctors office, nonprofit..etc.).

The downfall to this program is I have to get a job at the approved facility (that's not guaranteed) then get accepted into the program (that's not guaranteed). Also, I'd probably make around $25 in an office setting vs $31 in an acute care setting. Lastly, I realize it's harder to break into the acute care setting after being in a doctor's office for 3 years.

The appeal of having 85% of my loans paid off in 3 years is too great to not seriously consider this program.

What do you all think?