Georgia Service Cancellable Loans - Are They A Good Way to Pay for Nursing School?

[dmrnurse]

Does anyone have any firsthand experience with Georgia Service Cancellable Loans? I originally thought that once awarded the loan, the new nurse was only required to work at a healthcare facility in Georgia for whatever amount of time was agreed upon to forgive the loan. But several of my classmates at GSU said that there were more restrictions such as you could only work at specific healthcare facilities and locations. I would appreciate any light that folks could shed on the subject. Thanks!

[sheri_u2]

Does anyone have any firsthand experience with Georgia Service Cancellable Loans? I originally thought that once awarded the loan, the new nurse was only required to work at a healthcare facility in Georgia for whatever amount of time was agreed upon to forgive the loan. But several of my classmates at GSU said that there were more restrictions such as you could only work at specific healthcare facilities and locations. I would appreciate any light that folks could shed on the subject. Thanks!

I was told when I called GBCN that these loans come to you in your financial aid award letter if you are eligible and that they are on a first come first serve basis. Are other people getting the same info.? Because after reading some of these posts, I'm not sure

[nicuRN2007]

This may help some who are interested:

http://www.gsfc.org/Main/publishing/pdf/2003/stafford_scl.pdf