I havent seen a thread yet on this year's nurse corps application cycle & my anxiety has made me start one. I'm finishing up my application and should be done with it by today. I know its extremely competitive so honestly I dont think I'll get it but its worth a try! Who else has applied/is applying?
35 minutes ago, njkt18 said:CONGRATS to all of those who received a finalist email! I received mine on 7/16! My ABSN program starts in mid August and I really cannot afford to go to the school without the Scholarship. Should I start the program if I am a finalist? Does it mean we get the scholarship if there are no discrepancies? I called and they said if you are a finalist there is a “very good chance” you receive the scholarship. I’m just nervous! IDK if I should start this program without knowing if it’s 100% certain. Thoughts? Is anyone in the same situation?!
Any chance you were offered a federal loan that could help between now and then? I believe they pay that back for you if you receive the scholarship. If you can swing it, I would start the program if you have any means too. The scholarship is so competitive so you might not be offered it/make the finalist round again in the future. Goodluck, I hope everything works out for you!
Does anyone know how taxes on this scholarship work? I’m just kind of scared because I got in contact with someone who got the scholarship and she said she had $12,000 in tax debt. I called the scholarship hotline but the people didn’t really know anything about how the taxes work so it wasn’t very reassuring.
19 minutes ago, ShellztheNP said:Does anyone know how taxes on this Scholarship work? I’m just kind of scared because I got in contact with someone who got the scholarship and she said she had $12,000 in tax debt. I called the scholarship hotline but the people didn’t really know anything about how the taxes work so it wasn’t very reassuring.
Yikes that much? I have no idea how that works! The scholarship seems worth it though
3 hours ago, ShellztheNP said:Does anyone know how taxes on this Scholarship work? I’m just kind of scared because I got in contact with someone who got the scholarship and she said she had $12,000 in tax debt. I called the scholarship hotline but the people didn’t really know anything about how the taxes work so it wasn’t very reassuring.
Nurse Corps would technically be your employer. When you’re employed you are taxed for any income you have, automatically most of the time. Since taxes will not be taken out automatically you will owe the IRS and whatever state you live in money at the end of the year. The tax will vary from state to state and city to city. The more money they give you. The more money you owe in tax. For example, say you live in a state that taxes you 5% of your income and the federal state tax is 10%. If they give you 50k for everything you need, you will owe $7500. But you are able to write school supplies off and then your t98 form from school so it generally will depend. You may have to just save extra a month for taxes or pull out a small loan, but again it will vary person to person. However, it is better than paying for nursing school out of pocket. Good luck everyone! My application is still under review ?
njkt18
34 Posts
CONGRATS to all of those who received a finalist email! I received mine on 7/16! My ABSN program starts in mid August and I really cannot afford to go to the school without the scholarship. Should I start the program if I am a finalist? Does it mean we get the scholarship if there are no discrepancies? I called and they said if you are a finalist there is a “very good chance” you receive the scholarship. I’m just nervous! IDK if I should start this program without knowing if it’s 100% certain. Thoughts? Is anyone in the same situation?!