NELRP 2014

Nurses General Nursing

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?

My plan would be to set up all federal payments as qualifying payments so when the 10 years is up you can have them forgiven. As far as the others, I would use do what financial advisors recommend when trying to get out of debt with credit cards which is paying them off smallest to largest or in most of our cases, private before federal b/c of the loan forgiveness. So instead of dividing the payment equally monthly, pay the minimum on your largest amounts and the remainder towards your smallest or the one you want rid of first. Then when that one is paid off, the extra payment that would've went towards that loan is applied to the next one you want rid of and continue pay the minimum on the others and now the remainder goes towards this one and so on. Its a proven strategy for getting rid of credit card debt so I'm thinking it will work the same for student loans. At the end of your two years, you have more accounts paid off on your credit report (which I am sure we have all gotten that look from lendors when it lists like 12 loans for one company :/ ) and only have to focus on what hopefully is a federal loan that you have made 24 qualifying payments towards the 120 you need before federal forgiveness. Just an opinion from someone still "under review" :nurse:

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Any new awards received??

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Still under review here.

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same……. another month of agony

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Still under review. I've already accepted that I'm going to have to reapply in jan. :-(

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Just got an email from saying I wasn't selected for this application cycle.

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I guess they are sending out the rejections now :-(

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Sorry grandpaj :-( just chin up and reapply next year

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no go for me too - guess they didn't extend it till Oct 31st…… never trusting the bcrs peeps again

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Rejected! Oh well.

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Discouraging for sure, being in Tier 1 with a high DTI ratio. Oh well, next year.

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Specializes in CVICU, CPCU, Cath Lab/IR.

Just got my letter- they ran out of funding.

Not sure if I will apply next year, I put a lot of time into this.

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