NELRP is there a thread?

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Is there already a thread for RNs waiting to hear about awards from the Nursing Education Loan Repayment Program?

When I search, I can only find previous year's threads.

https://www.benefits.gov/benefit/449

Specializes in Family Practice, HIV specialist.
I have tried to consolidate them in the past and could not find anyone to consolidate them with. Any ideas on who to use?

Apply for a federal direct loan, from the government, not thru any third party lenders. you have to go to studentloans.gov and look for info on consolidation.

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tgonzalez and others with contract start dates around 8/15, did you get your disbursement? I thought it was going to be 9/15, but nothing. It is fine because I already paid this month, but I don't know if I can plan on increasing my payment for next month or not, wonder how late they will be with the disbursements?

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Apply for a federal direct loan, from the government, not thru any third party lenders. you have to go to studentloans.gov and look for info on consolidation.
I don't know if it makes much sense to consolidate though when 3 if my 4 loans have lower interest rates than the 6.65% I can possibly get through the government.
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I am still waiting on a second signature. Is it a bad sign that it hasn't appeared yet?

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Hang in there! It's not over yet! Keep the faith!

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No final email but the BCRS portal changed today! I updated everything as a participant!

I'm so happy for you!!!!

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I am still waiting on a second signature. Is it a bad sign that it hasn't appeared yet?

It will come, keep praying!!!

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Specializes in Family Practice, HIV specialist.
I don't know if it makes much sense to consolidate though when 3 if my 4 loans have lower interest rates than the 6.65% I can possibly get through the government.

It really depends on alot of factors. For me, I have a lot of debt that I'll be paying for approx 30 years, so getting into a program that would make me eligible for the loan forgiveness in 10 years was very important. For others who will be able to pay off loans in 10 yers anyway, then the loan forgiveness may not be that important. You have to consider what's right for you.

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tgonzalez and others with contract start dates around 8/15, did you get your disbursement? I thought it was going to be 9/15, but nothing. It is fine because I already paid this month, but I don't know if I can plan on increasing my payment for next month or not, wonder how late they will be with the disbursements?

My contract start date was 7/3 and I have not received my first payment. I sent a message through the portal and was told all disbursements will start in Sept and it does not necessarily correspond exactly with contract dates. I was also told the system is set up that way and can not be changed.

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I wouldn't be surprised if deposits don't start coming until October, just because that's when the new fiscal year starts. And I wouldn't mind a little more time to decide how to allocate the money so I can make the most of it.

I changed my mind and I think I will continue to make my regular payments on all loans and use the NELRP money as a bonus payment each month. I plan to pay off my federal loans first (I know it seems counterintuitive, but hear me out). The interest rates (and balance) on my federal loans are twice that of my (now consolidated) private loan. Even if I consolidate the federal loans, the interest rate would hardly budge. If I continue to make my regular payments along with NELRP payments, I could have all federal loans paid off in 30 months...assuming I'm approved for the 3rd year. There are so many possibilities, but I'm hoping that by paying off the high interest federal loans first, I'll save a bunch in the long run.

I'm still in awe of the high federal rates... Doesn't seem right.

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I wouldn't be surprised if deposits don't start coming until October, just because that's when the new fiscal year starts. And I wouldn't mind a little more time to decide how to allocate the money so I can make the most of it.

I changed my mind and I think I will continue to make my regular payments on all loans and use the NELRP money as a bonus payment each month. I plan to pay off my federal loans first (I know it seems counterintuitive, but hear me out). The interest rates (and balance) on my federal loans are twice that of my (now consolidated) private loan. Even if I consolidate the federal loans, the interest rate would hardly budge. If I continue to make my regular payments along with NELRP payments, I could have all federal loans paid off in 30 months...assuming I'm approved for the 3rd year. There are so many possibilities, but I'm hoping that by paying off the high interest federal loans first, I'll save a bunch in the long run.

I'm still in awe of the high federal rates... Doesn't seem right.

I think that is a very smart plan! That what I'm gonna do!

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Still waiting for the second signature. Sept 30th is the last day right? Cutting it close :/

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