Nurse Corps Loan Repayment Program
Nurses who work in critical shortage areas may qualify for the Nurse Corps Loan Repayment Program.
This program helps nurses reduce their education debt in exchange for working in underserved healthcare facilities.
The program can repay:
- 60 percent of a nurse’s student loan debt after two years of service
- An additional 25 percent after a third year
This means the program may cover up to 85 percent of a nurse’s qualifying education debt.
Eligible participants include:
- Registered nurses
- Advanced practice nurses
- Nurse faculty members
Because the healthcare industry faces ongoing shortages of qualified nurses, programs like this play a crucial role in strengthening the medical workforce.
AmeriCorps Education Award
AmeriCorps provides a unique opportunity for individuals who want to serve their communities while reducing student debt.
Participants who complete a term of service with AmeriCorps receive the Segal AmeriCorps Education Award.
This award can be used to:
- Pay for future college education
- Repay qualified student loans
AmeriCorps service programs focus on areas such as:
- Disaster response
- Education support
- Environmental conservation
- Community development
The education award amount changes periodically, but it is typically worth several thousand dollars.
For many participants, AmeriCorps provides both financial support and valuable professional experience.
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