I'm in a real dilemma here, posting to see if anyone else in the same boat:
FNP, currently working for IHS out in the SW. Been an RN since 2006, became FNP last June. I have an aneurysm-inducing student loan balance and have for over a decade. If I don't get some form of loan repayment I'll most likely go to the grave with student loans. I applied for both NHSC and Nurse Corps (first time for each, previously worked in places where this wasn't an option). Received an email yesterday that I've been selected as a finalist for NHSC and have to confirm interest by COB Monday. Which, I'm over the moon about. Only problem, if I confirm interest in NHSC I'm automatically taken out of the running for Nurse Corps.
It's a matter of $50,000 (NHSC, tax-free [from my understanding], paid in one lump sum, preference for renewing in two years) versus $143,400 (Nurse Corps, 24 monthly installments, taxable, have read nightmare tax prep stories from recipients on discussion boards, unsure if I could even afford to pay the taxes on that, option to get another $59,750 after two years for a 1 year extension) for a 2-year commitment. Even though I'm a finalist for NHSC, there's no guarantee. I feel like I'm competitive for Nurse Corps, but also no guarantee. It seems in past years that, though there's definitely funding preferences, some people who seem highly eligible for Nurse Corps LRP are not awarded.
FNP - Primary Care, HPSA Score 17, DTI 327% (no joke, no typo, my life is a ball of stress)
Thoughts? Input? Anyone suffering same? Realize these are first world problems....but I've been in debt for so long, 50K is nothing to scoff at.
Best of luck to everyone on this journey.....