HRSA Nurse Corps Loan Repayment 2022

CookyWooky, BSN, RN · Oct 21, 2022

Hi everyone, became a participant and got my first monthly payment today. Was wondering if anyone knows how the federal student loan debt relief will affect the nurse corp repayments since most of my debt will actually be repaid by the federal student loan relief

als522, MSN · Feb 22, 2023

Hi everyone! I did not see a thread for the 2023 HRSA Nurse Corps application/program so I am posting here. Does anyone have experience with applying after consolidating loans? I applied last year and was only awarded a small portion of my loans. When I contacted HRSA, they said "Your consolidated unsubsidized loan was not eligible for loan repayment due to education that was not approved for loan repayment". This is definitely not true, as my student loans were only taken out to support my nursing education (BSN and MSN). My take on that was that I didn't provide enough detailed information about the original loans that were consolidated. I have reached out to my loan servicer asking for a detailed letter, which they agreed to do but are taking a really long time and I don't think I will have it back in time for tomorrow's deadline. I wanted to see if anyone here has any experience with this situation and can offer any advice? Thanks in advance!

WHNP amd AGPCNP · May 25, 2023

Hi all! I've applied for the 2023 cycle and I'm in a bit of a predicament. I currently work at a site with a HPSA score of 15, and my DTI ratio is over 100%. I had a credit check on May 2nd.

I received an amazing job offer at another FQHC in the area, and they are looking for me to start in August. Would I still be eligible for the nurse corps LRP if I started the new job?

DenisseG, MSN, RN · Aug 9, 2023

Starting to get nervous over here!! This is my second year applying but I received a credit check this time around in May 2nd and application status "under review". Trying not to lose hope!! Are rewards being offered to NPs first then will be offered to RNs??

HPSA score of 17

DTI ratio is over 100%

kpter · Sep 6, 2023

Any nurse faculty that got the NC LRP last year 2022?

Kaligirl02, ADN, BSN, MSN, LVN, RN, APRN, NP · Sep 11, 2023

SunshineRN1102 said:

Hi everyone,

Has anyone received rejections yet? I am just wondering if they are waiting until Friday to do that. I have been waiting for a signature for over 2 months. I was so excited when I became a finalist but now I pretty much lost hope.

Did you end up getting the award?

kpter · Sep 18, 2023

Did anyone from 2022 get notified towards the last week of the month? I applied for 2023 and still havent heard. Looking for some hope

Kaligirl02, ADN, BSN, MSN, LVN, RN, APRN, NP · Sep 19, 2023

Did anyone get approved but never received a co-signature? I got approved and accepted on 8/7, but yet to get a co-signature.

CAL-AL1130, BSN, RN · Jan 29, 2024

Does anyone know why it says "estimated" end date on our portals? Does our service obligation not end on the 2nd year anniversary? I've already reached out to a rep and they were no help.

Glowbug21, BSN, MSN, CNA, RN · Jul 1, 2024

Hello, all,

Its been a long-time.

I want to provide an update since being part of this program for the last two years. My contract ends in two months. I received a notification approximately four months ago for contract renewal. The loans that I was told initially did not qualify, suddenly "qualified" and I could receive monthly payments for those loans. I opted not to renew my contract and participate in the program.

1. Instead of receiving a lump sum, you receive monthly payments. This is problematic when considering interest . The interest continues to pile up. As a result you are not able to pay off a loan. You make monthly payments but the loan balance does not move.

2. The "reward" is considered additional income. When you file your yearly taxes you must include the reward. To combat this problem, I recommend increasing your 401k percentage.

3. The money is taxed. If the reward states you will receive $600 a month you will really receive an estimated $466 a month after taxes.

4. In the two years from being in this program and the amount received after taxes no loans will be paid off. You must add to the amount received after taxes to make a dent in those loans. If you have multiple loans the interest rate all vary. The best thing to do is pay towards one loan. I was able to pay off one loan, just one in two years, again just one, on top of the amount received I had to add $400 to $500 a month to pay off the loan. Some people may not have that additional income to pay off a loan.

5. If you have worked at a site for more than five years, your loans should be automatically forgiven. I don't think you should receive monthly payments; a lump sum should be given and the loans paid off as to not continuously accure interest. It's likely you are already being paid significantly less than everyone else anyways.

6. I paid off a my car. When making payments, I could see the principal balance lowering monthly. However, with students loans the balance does not budge due to the high interest rate and fees. Over half of my loans should be paid off when you consider how much I am paying monthly to these loans. However, not even a quarter of my loans has been paid off.

7. At this point, I do not recommend anyone go to a four year university or a technical school. It is too expensive! It is not worth it! Go to a community college or get a job as a CMA, CNA, phlebotomist, and work at a facility that will pay for you to become an LPN or RN. This is the best route to take. I truly regret going to a four year university. I could have paid out of pocket for my ADN. Facilities wanting Magnet and HRO status want you to have a BSN, but they do not want to pay for it. The tuition reimbursement received is not enough to pay for a BSN.

8. Please follow my advice from point 7. This is the best route to take in becoming a nurse. There are hospitals that pay 100% for you to become an LPN or RN. There is one facility in my city that does this. Its a hospital nursing program partnered through a community college, students graduate with 0 debt and an ADN. The students are employees and take nursing classes at the hospital. In the long run financially you will be in a better place, especially those who come from middle and low income households and your parents were not able to help you financially in school. This also applies to anyone who is a non-traditional student and going back to school in there 30's, 40's, 50's and beyond.

9. Hopefully, I am able to help others make better choices.

10. Overall, I would recommend this program for anyone who went to a four-year university and obtained a BSN or MSN. If you are having difficulty making month to month payments this program will provide you with some relief, but do not expect your loans to be paid off.

CAL-AL1130, BSN, RN · Jul 5, 2024

Glowbug21 said:

Hello, all,

Its been a long-time.

I want to provide an update since being part of this program for the last two years. My contract ends in two months. I received a notification approximately four months ago for contract renewal. The loans that I was told initially did not qualify, suddenly "qualified" and I could receive monthly payments for those loans. I opted not to renew my contract and participate in the program.

1. Instead of receiving a lump sum, you receive monthly payments. This is problematic when considering interest . The interest continues to pile up. As a result you are not able to pay off a loan. You make monthly payments but the loan balance does not move.

2. The "reward" is considered additional income. When you file your yearly taxes you must include the reward. To combat this problem, I recommend increasing your 401k percentage.

3. The money is taxed. If the reward states you will receive $600 a month you will really receive an estimated $466 a month after taxes.

4. In the two years from being in this program and the amount received after taxes no loans will be paid off. You must add to the amount received after taxes to make a dent in those loans. If you have multiple loans the interest rate all vary. The best thing to do is pay towards one loan. I was able to pay off one loan, just one in two years, again just one, on top of the amount received I had to add $400 to $500 a month to pay off the loan. Some people may not have that additional income to pay off a loan.

5. If you have worked at a site for more than five years, your loans should be automatically forgiven. I don't think you should receive monthly payments; a lump sum should be given and the loans paid off as to not continuously accure interest. It's likely you are already being paid significantly less than everyone else anyways.

6. I paid off a my car. When making payments, I could see the principal balance lowering monthly. However, with students loans the balance does not budge due to the high interest rate and fees. Over half of my loans should be paid off when you consider how much I am paying monthly to these loans. However, not even a quarter of my loans has been paid off.

7. At this point, I do not recommend anyone go to a four year university or a technical school. It is too expensive! It is not worth it! Go to a community college or get a job as a CMA, CNA, phlebotomist, and work at a facility that will pay for you to become an LPN or RN. This is the best route to take. I truly regret going to a four year university. I could have paid out of pocket for my ADN. Facilities wanting Magnet and HRO status want you to have a BSN, but they do not want to pay for it. The tuition reimbursement received is not enough to pay for a BSN.

8. Please follow my advice from point 7. This is the best route to take in becoming a nurse. There are hospitals that pay 100% for you to become an LPN or RN. There is one facility in my city that does this. Its a hospital nursing program partnered through a community college, students graduate with 0 debt and an ADN. The students are employees and take nursing classes at the hospital. In the long run financially you will be in a better place, especially those who come from middle and low income households and your parents were not able to help you financially in school. This also applies to anyone who is a non-traditional student and going back to school in there 30's, 40's, 50's and beyond.

9. Hopefully, I am able to help others make better choices.

10. Overall, I would recommend this program for anyone who went to a four-year university and obtained a BSN or MSN. If you are having difficulty making month to month payments this program will provide you with some relief, but do not expect your loans to be paid off.

Agreed. Not to mention, you're only allowed 35 work days off and that includes holidays (if you work in a clinic setting like I do and have holidays off) so that makes only 29 work days. I will add I was able to pay 2 of my smaller loans off, but after the contract is done, I would say about half of my loans would have been paid off.

Mrs.RN-BSN · Jul 5, 2024

This is great detailed information. If you're thinking of nursing or in nursing school do not let this post deter you from choosing a community vs 4 year. I was low income, in my 30's and completed a LVN to BSN. I considered this option of nurse corps as well as joining the military and many other options. I crunched numbers and explored all program and reimbursement options. Let me tell you the best secret is with the Dept of Veterans Affairs with EDRP (Education Debt Reimbursement Program). I applied for a position that was EDRP qualified and although it took months for approval I was approved for the max! I was in 180k in loans and they will all be reimbursed. They reimburse what you pay at the end of one year and so on. You can get this for up to 5 years. The loan they will pay is for the degree that qualifies you for the job, but if you can justify transfer credits like my LVN to BSN- they will cover all those loans. I would recommend this route for those with high loan amounts- EDRP is TAX FREE! If you have less amount in loans, I would consider working for private organizations to where the pay is more and you just pay your loans off at full force. I've attached the link below for EDRP.

https://vacareers.VA.gov/wp-content/uploads/sites/5/EDRP.pdf