Published May 10, 2010
mrodriguez
1 Post
Hi, I'm a senior nursing student, and I am totally broke. I have heard that hospitals will repay student loans that were used to finance a nursing education. I was wondering if this is true, and how it works. What are the stipulations? Has anyone done this? Thanks!
Nurse SMS, MSN, RN
6,843 Posts
I don't think many pay off student loans after the fact anymore. They just aren't that interested in new grads the way they were a few years ago. I could be wrong, but I seldom see this touted as a benefit anymore.
There are programs where they will pay tuition in advance (meaning while still a student for upcoming semesters) in exchange for a work agreement after graduation, usually 6 months for every semester covered. Again, not as common as they were a few years ago.
BulletBlueSky
22 Posts
The only hospitals that I know that will forgive your loans are the hospital based RN schools, like Research Medical Center or St. Lukes's in Kansas City. The stipulation with them was that you agreed to work there after graduation for a predetermined number of years and they would forgive your tuition. But, even there, that is only if they have a position available when you graduate. I have been looking into the Air National Guard or Army Reserves for loan repayments. From what I can tell, the Air National Guard has fewer and shorter deployments, but fewer positions available. Either way, both seem to have good programs for nurses, you just have to accept the possibility of being deployed. Best of Luck!
kcochrane
1,465 Posts
We have a hospital in this area (upstate NYS) that gives back $5,000 every 6 months that you work there. The total they will pay is $20k.
Crux1024
985 Posts
A lot of hospitals have nixed programs like that due to the "economy." With the influx of graduates, they have no need to offer perks like that to draw people in.
I hope you can find a situation that works for you.
MedicVeronica
31 Posts
Try HRSA.gov - there are programs to pay for tuition while in school and a loan repayment program when you get out. bhpr.hrsa.gov/dsa/