Nursing Loan Forgiveness Program

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A look at Nursing courses in USA covered under
Forgiveness Schemes
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Nurses had a hard time beating away the chaotic
loan repayment schemes of the 80s and the 90s.
Some of them continued to struggle under the
burden off high interest rates, poor expense
planning and minimal federal support in nursing
profession. Obama Forgiveness scheme for nurses
and teachers introduced recently has come as a
potent saviour for federal education loan
borrowers. It not only saves the nurses from high
interest rates and prolonged loan clearance, USA
is one of the few nations to offer forgiveness
schemes.
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Forgiveness program in USA on nursing career is
available only for naturalised or permanent US
residents. Government is trying to figure out if
the same forgiveness benefits can be extended to
international students who contribute to 27
percent of the total nursing force in USA. Here
are some programs in nursing that are currently
covered by the Loan repayment schemes for nurses,
both registered as well as licensed
professionals.
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LPN LVN Programs
Nurses taking educational loans to complete LPN
or LVN which stands for Licensed Practical Nurse
or Licensed Vocational Nurse respectively can opt
for federal loans. The duration is one year and
is offered across many colleges in USA. Admission
into these programs needs that student pass ACT,
TOEFL or SAT.
A nurse passing with LPN LVN Program earns USD
40,000 as a vocational nurse. Further educational
prospect includes an opportunity to apply for AAS
which stands for Associates in Applied Science.
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ADN Programs
ADN program is available under Loan repayment
scheme as well. Nurses can earn Associate Degree
in Nursing under the 15-24 month course. ADN
nurses can treat, train and provide psychological
care to patients. Nurses have to pass the
National Council Licensure Exam to earn a license
of nursing. Average annual salary expectation of
a nurse from ADN program is around USD 62,500.
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BSN Course
High-schools students can pursue their career in
nursing by earning a degree in BSN which stands
for Bachelor of Science in Nursing. It is a
4-year program and offered by specialized medical
colleges universities in the country. Nurses
from ADN and BSN courses have similar starting
pay scale. The Obama Forgiveness schemes have
most nurses from these programs. Due to shortage
of both time and money, students in USA prefer to
go for a special BSN course. It is called
Accelerated BSN Course which runs for less than
two years. Usual tenure is 15-18 months. Only a
handful of colleges offer the course with a
regular BSN course.
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MSN Programs
Advanced studies in nursing can be pursued from
leading colleges in the country. The federal loan
agencies offer forgiveness to the nursing
professionals from following disciplines. - Women'
s Health Nurse Practitioner - Paediatric Nurse
Practitioner - Family Nurse Practitioner - Nurse
Educator - Neonatal Nurse Practitioner - Adult
Nurse Practitioner
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It is the most competitive segment in nursing
with forgiveness coming in less than 4 years.
Average salary package for a nurse availing
Student Loan Forgiveness for nurses is USD
81,000. Other programs that are covered under
forgiveness schemes are Certified Registered
Nurse Anesthetist Doctor of Nursing Practice
programs.
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Contact Us
Student Debt Center Address - 18459
Pines Boulevard, Suite 532,Pembroke
Pines, FL 33029 Contact No. -
800-551-7187 Email Address - info_at_studentdebtcen
ter.org Website - http//studentdebtcent
er.org/