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California increases loan forgiveness for nurses
Posted: March 29th, 2010 | By Jennifer Fink, RN, BSN | no comments
California State Assemblyman Steve Knight, R-Palmdale, recently introduced a bill that allows nurses to eliminate up to $40,000 of student debt-double the previous $20,000 limit. The Assembly Higher Education Committee unanimously approved the bill.
The Knight bill expands a previous loan forgiveness program that repaid up to $20,000 of a nurse's student loans in exchange for four years of nursing service at a state prison or nursing home with a Registered Nurse vacancy rate greater than 10%.
Other states offer similar programs. Florida offers a Nursing Student Loan Forgiveness Program that will repay up to $4000 of nursing debt a year in exchange for nursing service. Minnesota pays up to $3750 per year, up to a maximum of $15,000 over four years. The Federal government has a Nursing Education Loan Repayment Program that wipes out 60% of qualifying student loans in exchange for two years' service.
hi, well although the increase isnt reflected the original $20,000. loan forgiveness is still in effect
and
The Bachelor of Science Nursing Loan Repayment Program (BSNLRP) offers registered nurses with a bachelors degree in nursing education a loan repayment of up to $19,000.Health Professions Education Foundation
and federal loan forgiveness
sorry web address fro federal forgiveness
sorry web address fro federal forgiveness
I know my friend! I wish California wasn't where it it financially, My brother-in-law works in the CA State Senate...and I was told that we should forget about loan forgiveness for nurses just like teacher did. ;-(
mamayogibear
222 Posts
Does anyone know if these programs are real? Has anyone on here actually gotten their loan dismissed because they worked at a correctional institution? If so how long did you work there and did you keep your job after your loan was payed off. Thanks for any information.