Jump to content

2017 Nurse Corps Loan Repayment Program

First Year   (248,682 Views 768 Comments)
by emmiecb emmiecb (New Member) New Member

1,221 Visitors; 12 Posts

advertisement

You are reading page 49 of 2017 Nurse Corps Loan Repayment Program. If you want to start from the beginning Go to First Page.

689 Visitors; 48 Posts

I was under the impression that after taxes, you were basically getting 40% of your loan amount paid.

Little off. U are getting 60-70% of the loan award after taxes.

Edited by CrnaTX

Share this post


Link to post
Share on other sites

689 Visitors; 48 Posts

100k award over 2 years will see $60-75k.

Share this post


Link to post
Share on other sites

342 Visitors; 37 Posts

I know someone who has it and that is what she told me. of the 60%, you will basically get 40% after taxes

Share this post


Link to post
Share on other sites

689 Visitors; 48 Posts

Sounds like you are saying 40% of the 65% loan amount.

I think we are saying the same thing. By tax day you'll end paying where ever you fall in the tax bracket. The more salary u bring in the high that number is assuming you have minimal deductions.

Share this post


Link to post
Share on other sites

554 Visitors; 33 Posts

How you're saying it is very confusing. I've already received my welcome letter and award worksheet. The initial loan amount is 60%. They take out ~20% in taxes; however, it may be a little bit more pending your debt because it's based on tax brackets but most receive ~40% of loan repayment.

Share this post


Link to post
Share on other sites

554 Visitors; 33 Posts

Ok, this morning at work our CEO announced that there is "a problem" with our HRSA funding. We are now asking patients to sign letters to send to congress. Her message did not state exactly what the "problem" was. But this is what some of us had assumed already. That this year has taken so long because HRSA is making sure they can cover the awards given. Have you guys heard of anything like this at your FQHCs?

I'm not sure I understand how this relates to loan repayment. Why would patients sending letters to HRSA determine nursing loan repayment? HRSA funds tons of other programs. Maybe your company is referring to one of the other programs.

Share this post


Link to post
Share on other sites

342 Visitors; 37 Posts

I do have a question. When I got my award email, to be honest when I logged on the portal, I didn't read everything I was just so excited that I just put in my banking info and signed my contract. I do remember seeing an amount of $58,xxx I have about 64k in loans plus 2k in Perkins loans. Does the $58k mean that's all that qualified for the loan repayment? They are all federal loans through Nelnet...? I wish I'd have read closer but I was just so excited

Share this post


Link to post
Share on other sites

342 Visitors; 37 Posts

How you're saying it is very confusing. I've already received my welcome letter and award worksheet. The initial loan amount is 60%. They take out ~20% in taxes; however, it may be a little bit more pending your debt because it's based on tax brackets but most receive ~40% of loan repayment.

This is what I was saying

Share this post


Link to post
Share on other sites

AnaLong has 1 years experience and specializes in FNP: Urgent Care; RN: Med-Surg.

5,764 Visitors; 109 Posts

I'm not sure I understand how this relates to loan repayment. Why would patients sending letters to HRSA determine nursing loan repayment? HRSA funds tons of other programs. Maybe your company is referring to one of the other programs.

I thought we all worked for FQHCs? But not funding for NurseCorps specifically cut for HRSA. FQHCs are funded under the umbrella of HRSA. HRSA dictates our health measures because we receive so much of our funding from them. Our CEO was stating that the projected budget for HRSA (meaning: FQHCs, HRSA and NurseCorps scholarships and loan repayments included) is looking to be cut. If our facility budget is cut, our site would close. Therefore, our CEO has implemented letters for our patients to sign and send to the government. However, I'm thinking that whatever information our CEO has is not good. Which would also translate to us. Maybe that is why this years process has been so different than previous years.

Share this post


Link to post
Share on other sites

RN4KU has 11 years experience and specializes in Utilization Review.

7,188 Visitors; 275 Posts

Have any RN's been awarded in the past few days for the Nurse Corp program? I have not seen too many awards going out any more. I am and RN, HPSA 17, D/I 160% .

Share this post


Link to post
Share on other sites

554 Visitors; 33 Posts

I thought we all worked for FQHCs? But not funding for NurseCorps specifically cut for HRSA. FQHCs are funded under the umbrella of HRSA. HRSA dictates our health measures because we receive so much of our funding from them. Our CEO was stating that the projected budget for HRSA (meaning: FQHCs, HRSA and NurseCorps scholarships and loan repayments included) is looking to be cut. If our facility budget is cut, our site would close. Therefore, our CEO has implemented letters for our patients to sign and send to the government. However, I'm thinking that whatever information our CEO has is not good. Which would also translate to us. Maybe that is why this years process has been so different than previous years.

No. I don't think everyone is especially those of us who are nursing faculty. The budget this year has already been set. The budget from my understanding is always set the prior year. I can definitely see how this relates to future funding because the new proposed budget does indicate cuts to HRSA. They've definitely been slow this year but it has picked up quite bit (esp. at the end of August).

I certainly hope your clinic isn't closed and you're awarded.

Share this post


Link to post
Share on other sites

342 Visitors; 37 Posts

Is there any chance of not getting the final award after getting to the final review stage??? And when will the first payment start?

Share this post


Link to post
Share on other sites
  • Recently Browsing 0 members

    No registered users viewing this page.

×