Every list that rates the fastest growing job occasion industries rate the healthcare field as whole one. Nursing jobs rank high on the healthcare jobs that will contact growth in the next few years. Nursing is a rewarding field of work, and the shortage of marvelous nurses roughly guarantees job security.
Education for Nurses
student Loan Forgiveness for Nurses
Most nurses must have a bachelor's degree in nursing to qualify for the top nursing jobs. In tough economic times, many potential nursing students may hesitate to incur the debt of a four year degree. But, there are opportunities to acquire the nursing degree, work in an business with high job satisfaction, and have portions of the loan forgiven. Even nurses already working might qualify for a student loan forgiveness program.
Student Loan Forgiveness for Nurses Programs
The College Cost allowance and way Act of 2007 makes it potential for nurses working full-time in collective assistance jobs to qualify for forgiveness of their eligible student loans. The nurse must have already made 120 monthly payments on their loan while they are employed. After those 120 payments have been made, the nurses working in collective assistance jobs will have the remaining whole of the loan forgiven and will not be responsible for repayment.
Types of Loans Eligible for Forgiveness Programs
Any loan that has not entered into default would be considered eligible for loan forgiveness. These types of loans include:
Federal Direct Stafford/Ford Loans Federal Direct Unsubsidized Stafford/Ford Loans Federal Direct Plus Loans - for parents and graduate students
Other types of loans may also qualify under the student loan forgiveness program if they are consolidated into a Direct Consolidation Loan. One caveat is that any payments that were made before the consolidation will not count towards the 120 month payments that must be made before the loan is forgiven.
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