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Thank
you for your interest in the NURSE Corps Program. The 2014 NURSE Corps Loan Repayment Program application cycle is now open. The
application cycle will close on February 27, 2014, at 7:30 pm, ET.
Eligibility is open to registered nurses and advanced practice registered nurses (e.g.,
nurse practitioners) who have qualifying educational loans, and who are
dedicated to serving the Nation’s medically underserved populations in health
professions shortage area (HPSAs).
NURSE Corps Loan Repayment award recipients receive 60 percent of their unpaid nursing
student loans for 2 years of full-time service, and an additional 25 percent of
the original balance for an optional third year. The program is seeking applicants who are interested in serving
those most in need, and remaining in a HPSA beyond their service commitment.
A funding
preference will be given to applicants with the greatest financial need,
defined as those qualified applicants whose debt to salary ratio (i.e., total
qualifying educational loans divided by base annual salary) is 20 percent or
greater. Applicants will then be grouped into funding preference tiers.
Starting with the first tier, awards will be made in order of decreasing debt
to salary ratio until funds are expended. If an applicant is a registered nurse
or an advanced practice registered nurse, the type of facility and HPSA score
will also be a factored into the funding preference.
To
learn more about the funding preferences, please review the 2014 NURSE Corps
Loan Repayment Program Application
and Program Guidance.
The NURSE Corps Loan Repayment Program is
expected to be competitive. Applicants are encouraged to begin the application
process early. On average, it takes a few weeks to complete an application.
It is recommended that applicants start gathering information on their
loan and supplemental documentation.
Be sure to join us for the two
Technical Assistance Conference Calls where NURSE Corps Program staff experts
will be available to answer your questions live! The conference calls will be:
- January 30, 2014 from 2:00
- 4:00 pm, ET
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February 13, 2014 from 8:00
- 10:00 pm, ET
Further information on the times and login information will be
sent to you in the coming week. Continue
to check the NURSE Corps Loan Repayment Program website.
We look forward to
receiving your application!
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