May 25, 2007, Newsletter Issue #66: Repayment Programs

Tip of the Week

A repayment program is not a scholarship or any other financial aid package for students, it is a program designed to help nurses after they graduate. These programs are licensed to help individuals pay off their loans.

The programs pay back part of students' outstanding loans in exchange for work in understaffed facilities or in areas of with poor health care. The percentage of the loan paid back and the amount of time the nurse is required to stay in the area or at the facility varies greatly. Some organizations that offer repayment programs are:

The Nurse Loan Repayment & Scholarship Program
The National Health Service Corps
The Nursing Education Loan Repayment Program (sponsored by the Bureau of Health Professions).

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