Published
Has anyone started to apply for the Nurse Corps loan repayment program? I wanted to see if anyone is having trouble using the application at all?
I was told that we have until October 30th to hear, however, if last year was any indication of how this year will pan out, it doesn't look good.
I'm trying to keep positive but it just seems like a lot more people were awarded last year...at least according to this thread. I know those of us whom are still waiting desperately need this help. Still praying!!!
i was awarded in 2013. I had this great plan in my head pay off my private loan which is 35k and use the rest for my 120k federal loan. but I calculated and I would have enough to pay it up for 10 years towards the public student loan forgiveness program. I read of course you are not allowed to pay ahead and make large lump payments and still use the PSLF program. The only option is to use the money they give me each month put it into a savings account and use it for the next 10 years, but I also belive that after 2 years you are asked to provide documantation that you applied your payments to your loans, this is what I have heard.
I know you all just were rewarded but has anyone had any thoughts or called and found anything out?
I believe that you have to show documentation that you are using the money for your student loans. I don't think that you can save it up. That is my understanding. My plan is to use mine for my Federal Loans only. I will keep paying on my private loans, which are significantly less than my Federal Loans. I would definitely verify with them that what you are doing is okay, because without documentation, it could look like you are pocketing the money.
CRNA2013
6 Posts
Still under final review as well. Been 3 weeks.