Nurse Corps Loan repayment 2015

[rossin83]

Hi all,

Has anyone heard anything yet? Im a NP, Tier 1, debt/income ratio 90%, no news yet ...

[katiefox21]

I don't know yet. I want to do the loan forgiveness after 120 payments, but not sure what is the best way to do it to be able to use this stipend. What is your plan?

I want to pay back my private loans first while paying the absolute minimum on the federal loans so I can have the rest of the federal loans forgiven after 10 years. The private loans also have a higher interest rate so that's a no brainer for me. I'm currently on an income based repayment plan that lowers my minimum payments for the federal loans and I would like to keep it that way so I can get rid of these private loans and have as much of the federal forgiven as possible, but I don't know if I have to call my lender for the federal loans and report this award as additional income. That would almost certainly make my monthly payments on the federal loans much higher and mean I can't put as much toward the private. Does anyone else know how this award works with income based repayment for federal loans?