Wednesday, December 29, 2010

Nursing Education Loan Repayment Program (NELRP) now accepting applications

The Nursing Education Loan Repayment Program (NELRP), administered by Health Resources and Services Administration (HRSA), is now open and accepting applications from eligible candidates.  In exchange for the initial two year service commitment, participants receive 60 percent of their total qualifying nursing education loan balance. For an optional third year of service, participants may receive 25 percent of their original total qualifying nursing education loan balance.

Eligible Applicants
To be eligible to apply, an applicant must be:
  • a registered nurse who has completed training (diploma, associate, baccalaureate or graduate)
  • licensed and employed full-time (at least 32 hours per week) at an eligible facility or school of nursing
  • a U.S. citizen (born or naturalized) or National and Lawful Permanent Resident
  • educated through an accredited school of nursing located in a U.S. State
First preference for funding is given to qualified applicants whose total qualifying educational loans are 40 percent or greater than their base annual salary. A funding preference will also be given to nurses working in the types of facilities that have the most severe nursing shortage and to nurse faculty.

To Apply
For information, including the application and program guidance, checklist and supplemental forms and to apply, visit http://www.hrsa.gov/loanscholarships/repayment/nursing/index.html.