How to get rid off student loans with the right forgiveness program.

College was definitely a fun time and it enabled you to be in your current nursing career.

But there most likely also is a student loan payment that waits for you every single month after you have started your first job.

That monthly student loan repayment can be a substantial burden and can be an obstacle in the way of you building your wealth.

Consider looking into Loan Forgiveness if you are working within an organization that qualifies.

As of this writing (2016) three major student loan forgiveness programs are available for nurses:

1. The Nurse Corpse loan repayment program (NHSC)

Nurse Corps Loan Repayment Program has been set up to lets registered nurses who have committed themselves to taking care of undeserved people to work in hospitals and clinics in areas in America’s communities that have special needs and at the same time improving the lives of the patients.

The goal of the program is to have nurses help out in poor urban areas while building their own professional nursing career.

The student loan forgiveness program will typical last for 2 years and will pay off 60% of the unpaid student loan that the nurse has in place.

An optional 3rd year can be done which would allow for another 25% of the loan to be paid off by the program.

The nurse will as mentioned be working in an eligible nonprofit hospital, clinic, nursing school or some other qualifying area that falls within the program guidelines and the nurse can enjoy same competitive pay as non-program employees.

In order to qualify for the student loan forgiveness you need to be a licensed registered nurse or you can potentially qualify as a nurse practitioners or other advances practice nurse as well and you must have completed your training and you must be a full time employee at an eligible facility.

The student loan forgiveness program is for us citizens and your school of nursing education must be from an accredited school.

The registered nurse or advanced practice nurse has to serve full-time at a Critical Shortage Facility.

A Critical Shortage Facility can be a public or private nonprofit facility located within, designated as, or serving a Health Professional Shortage Area (HPSA) with shortages of primary medical care or mental health professionals.

The CSF must be a public or private nonprofit health care facility located in or designated as or serving a primary medical care or mental health HPSA.


According to the website eligible facilities include:


• Critical Access Hospital (CAH)

• Disproportionate Share Hospital (DSH)

• Public Hospital

• Private Hospital

Outpatient Clinics

• Federally Qualified Health Center

• Indian Health Service Health Center

• Native Hawaiian Health Center

• Rural Health Clinic

• State or Local Public Health or Human Services Department

• Nurse Managed Health Clinic/Center

• Urgent Care Center

• Certified Community Behavioral Health Clinic

• End Stage Renal Disease Dialysis

• Ambulatory Surgical Center

• Residential Nursing Home

• Home Health Agency

• Hospice Program

Ineligible Facilities include, but are not limited to:

• Private practice offices

• Clinics in prisons and correctional facilities

To learn more about specifics, visit

2. Perkins Loan Discharge or Loan Cancellation for Nurses

If you have a Federal Perkins loan and you are working full time as a nurse, you should look to see if you qualify to get up to 100 percent of your loans forgiven.

In order to qualify for this student loan forgiveness program, you must be a nurse and you must be working full time.

The way that it works is that loans are discharged over a 5-year period.

There are very specific details on how you apply for the discharge and to get papers and file for it you should contact the school that disbursed the Perkins Loan or contact the loan servicer directly.


If you have taken a nursing job in the public sector, there now is a chance that your loan can be forgiven through the public service loan forgiveness program.

The first requirement that has to be met other than working in the public sector is that you have to have made payment and working full time for 10 years.

Full time in the public sector means that you are at work at least 30 hours per week and the program only looks at payments made after October 2007.

There are forms and tracking forms available at which will help you stay on track and according to the site you should be submitting it to FedLoan servicing.

The student loan forgiveness program forgives the remaining balance of your direct loan and that can be done after 10 year of payment under a qualifying repayment plan while working full time for a qualifying employer.

Once you are at the stage where you can qualify (the first eligible nurses will be in October of 2017) you must still be working for a qualifying employer at the time that you submit the application. According to the site there are no taxes on the amount of loan that is being forgiven.


Material discussed is meant for general informational purposes only. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice. This material contains the current opinions of the CreativeNurse but not necessarily those of Guardian or its subsidiaries and such opinions are subject to change without notice.
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Written by CreativeNurse team2016-28835 Exp. 10/17