2021 Nurse Corps Loan Repayment Program

Nurses General Nursing

Published

Starting this thread for those who applied for Nurse Corps loan repayment in 2021

Specializes in Peds psych.

Thanks to Chocoholic1 for this comment: "Does anyone know if the new bill that makes federal loan pardoning tax-exempt will impact the nurse corp loan repayment program?  Does anyone who has qualified in the past have any tips for filing taxes so that its clear that it isn't technically income? "

Ummm, I read the news A LOT and completely missed that the COVID relief bill included a piece that makes federal student loan forgiveness tax free until the end of 2025. That is HUGE and despite no news articles about this and the how it would benefit those receiving nursecorps loan repayment, it sure seems it would benefit those of us who may end up receiving the nursecorps loan repayment which traditionally is taxable. Here's an article about it: 


https://www.studentloanplanner.com/tax-free-student-loan-forgiveness-american-rescue-plan/

 

1 Votes
Specializes in FNP.

FNP, 1st year applying. 

HPSA score 14 

DTI: greater than 100% 

credit check notification from experian credit monitoring today! 

2 Votes
Specializes in Family.
1 hour ago, FoxFNP said:

FNP, 1st year applying. 

HPSA score 14 

DTI: greater than 100% 

credit check notification from experian credit monitoring today! 

Good luck to you!! I also got a credit check today.. This check says it came from NCLRP/NCSP/HRSA. 

1 Votes

I just received a credit check as well. I am doubtful I will end up a finalist, but I am trying to stay hopeful. I'm Tier 2, so DTI < 100%, HPSA 16, FNP. I was a maternity nurse before I became an FNP and I kick myself for not taking my OB certification since it could have put me in the "women's health" specification. Especially since I do women's health and family planning as an NP. Oh well. ?

2 Votes
Specializes in NICU.

PNP, applying for the 2nd time. Tier 1.

HPSA Score 17

DTI ~160%

Experian credit check today!!

 

Anyone have anymore info on the taxes comment above?

2 Votes
Specializes in Peds psych.
4 hours ago, gudiarani said:

PNP, applying for the 2nd time. Tier 1.

HPSA Score 17

DTI ~160%

Experian credit check today!!

 

Anyone have anymore info on the taxes comment above?

Not to get anyone falsely excited but I am 99% sure any nurse corps loan forgiveness (or other loan forgiveness) that occurs by the end of 2025 will be TAX FREE now. You can Google: Section 9675 American Rescue Plan 

....and read the text directly from the bill. It doesn't specify forgiveness on the IDR plan.... just says any forgiveness of the typical loans between end of December 2020 and end of December 2025. Here's a synopsis from a law firm that at least mentions public service loans. 

https://www.martindale.com/legal-news/article_duane-morris-llp_2541744.htm

1 Votes
Specializes in Endoscopy.

Third year applying. I was offered an award my first year but unfortunately took a new job at a different hospital system during the wait so I was disqualified. 

RN, BSN (Endoscopy Unit)
DTI: 167%
HPSA: 16 (Primary), 18 (Mental)

Experian alerted me today to the credit check. Which is much sooner than the last two years. Good luck to everyone!

3 Votes
Specializes in Peds psych.

Just received notification of Experian credit check today (5/28). 

HRSA states "Under Review"

PMHNP

HPSA Score 17

DTI: 178% (I think - asssuming all my loans count)

1 Votes
Specializes in Utilization Review.
On 5/1/2021 at 9:56 PM, Janar333 said:

I take that back about experian. It alerted me on there too, I just missed it. Experian is free and it will alert you there! 
This is what mine said...

25AFF5D9-7B86-461C-9EBB-4BC14A711A88.png

I just got the same pull 2 days ago, I applied last year and no pull. Still under review. 

1 Votes
Specializes in Utilization Review.

Any idea how long after the credit check people were notified?  

Credit Check 5/28 on Eperian

RN HPSA 18 190% DTI

Under Review 

1 Votes
Specializes in Peds psych.

In reading posts from previous years, credit checks started in May. I think some RN's were possibly getting some notifications in June but I don't think NP's were getting notifications until at least July.... some people didn't find out until the end of September so... I'm preparing for that.  

1 Votes

Hey everyone! Im about to start school to be an RN, can someone tell me where I can apply for 21-22?

0 Votes
+ Add a Comment