The nursing education loan repayment program is also known as NELRP. This is a program that you will need to check into to see if it is the right one for you. Not everyone can apply for this program. You will have to do some research about the nursing education loan repayment program before deciding whether you want to try for this program. Let me explain what it is about.
This program is a competitive program that will repay sixty percent of the qualifying loan balance of registered nurses who have been chosen. In order to receive this funding you will have two years of service at a critical shortage facility. You may also have the chance to work at one of these facilities for a third year and receive an additional twenty five percent of the qualifying loan balance.
The reason for the nursing education loan repayment program is to help in the recruitment and retention of professional nurses so that they may provide health care to undeserved populations. This is part of the Public Health Service Act that is authorized by Section 846.
In order to participate in the NELRP you will need to submit an application. You can go online to any search engine and type in nursing education loan repayment program and you will get all kinds of results. Then you will need to find the application, fill it out and submit it.
You want to make sure that you read all of the guidelines before you apply for this program. There are consequences for breaking the contract so you have to make sure that this is a program that you really want to do. If you are not sure then don’t apply until you are.
There are certain requirements that you need in order to be eligible for before you apply. You have to be able to meet all of the requirements before the application due date. Make sure that you read what all of the requirements are before you apply. When you can’t meet even one of the requirements then you don’t want to apply.