2020 NHSC Loan Repayment Program

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Has anyone heard anything for the 2020 application cycle? Hoping that the third time applying is the charm.

Good Luck to everyone that has applied!

Specializes in Family.
7 minutes ago, MsFNP1908 said:

I don't think credit score is what they're focusing on, I think they want to make sure you're not in default for student loans. 

Makes sense. Thank you! 

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Specializes in Family.

I got an email on Friday that I am a Finalist for the 2021 NHSC LRP award. I am going to accept and continue my interest despite also waiting on Nurse Corps and having a lot more debt than 50K.. I just cant take the gamble!  A couple of questions... If accepted, how would they pay me? monthly? We don't pay taxes on this, correct? Anything else I would need to know?

Thanks in advance!!

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2 hours ago, Janar333 said:

Congratulations! As a previous Nurse Corp recipient and current NHSC LRP award recipient I highly recommend you go with NHSC. With NHSC you'll get one check for $50,000, it will take awhile to hit your bank account so be prepared for a wait. It's not taxed! With Nurse Corps I received monthly payments, it was taxed so could put you in a higher tax bracket since it's considered income. I have a lot more student loan debt then $50,000 as well, I plan to keep renewing until I've completely paid them off or at least down to where I'm comfortable. I hear if you request a renewal you'll almost always get it. Best of luck!

 

 

 

 

I got an email on Friday that I am a Finalist for the 2021 NHSC LRP award. I am going to accept and continue my interest despite also waiting on Nurse Corps and having a lot more debt than 50K.. I just cant take the gamble!  A couple of questions... If accepted, how would they pay me? monthly? We don't pay taxes on this, correct? Anything else I would need to know?

Thanks in advance!!

 

1
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Specializes in Family.
13 minutes ago, MsFNP1908 said:

 

I wish I could "love" this comment! Thank you so much for the insight (and you have received them both so you can speak on both of them), I appreciate it!! There has been some speculation that some new bill that was passed will actually make the Nurse Corps LRP not taxable too, but no one has said for certain on that. The renewal part sounds so amazing as well. Thanks again!

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1 hour ago, Janar333 said:

You're so welcome! I have no complaints about the program, as long as you keep up with your missed days and your point of contact at your job completes your online documentation every 6 mo you shouldn't have any problems. I actually switched sites with Nurse Corps then switched back to my original site (grass isn't always greener), they were very understandanding of my situation and approved both transfers. 

 

 

 

I wish I could "love" this comment! Thank you so much for the insight (and you have received them both so you can speak on both of them), I appreciate it!! There has been some speculation that some new bill that was passed will actually make the Nurse Corps LRP not taxable too, but no one has said for certain on that. The renewal part sounds so amazing as well. Thanks again!

 

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@MsFNP1908

I know this is an older posting, but can you share some insight into the transfer process? Or can I DM you regarding this?

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12 hours ago, Hopscotch said:

@MsFNP1908

I know this is an older posting, but can you share some insight into the transfer process? Or can I DM you regarding this?

Sure! It was a pretty easy process, you just complete the request through the portal system. I believe they did call me to get more information on why I wanted to transfer. They approved me with no problem and I actually got approved to transfer back to my previous site. Feel free to DM me if needed. 

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Specializes in Family Practice.

Does anyone know when funds will disburse? 1st year NHSC LRP. 
accepted 8/12/21

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Specializes in Family.
On 9/29/2021 at 5:14 PM, Meenahb said:

Does anyone know when funds will disburse? 1st year NHSC LRP. 
accepted 8/12/21

It states it typically take 90 days from your contract start date (8/12/21). It took 79 days for me. 

 

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Specializes in Family Practice.

Thank you. In one place I see 90 days but in another I see by 10/30/2021. I was accepted 8/12 so the 90 days would be mid-November. I assumed this would happen before mid-November as that is when I have to renew my IDR. 

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Specializes in NP.

Applied and never even received a rejection letter.  Still says under review.  Anyone ever have that happen

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Specializes in Family Practice.

Yes.ast year when I applied. I received an email several weeks after stating that due to the many applications mine had not been gotten to. 

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