NURSE Corps Loan Repayment Program
A competitive program that repays 60 percent of the qualifying loan balance of registered nurses selected for funding in exchange for 2 years of service at a critical shortage facility. Participants may be eligible to work a third year and receive an additional 25 percent of the qualifying loan balance.
The Human Resources and Services Administration (HRSA) website has detailed information about application procedures, deadlines and eligibility.
According to the 2013 Application & Program Guidance (updated annually)
To be eligible for loan repayment, all applicants must:
(1) Be a U.S. citizen (either U.S. born or naturalized), U.S. National, or Lawful Permanent Resident;
(2) Have received a bachelor’s degree, a master’s degree, an associate degree, a diploma, or a doctoral degree in nursing (see Definitions);
(3) Be employed as a full-time RN, defined as at least 32 hours per week, at a public or private nonprofit Critical Shortage Facility (see page 8);
Be employed as a full-time nurse faculty member at an accredited, public or private nonprofit eligible school of nursing;
(4) Have outstanding qualifying educational loans leading to a diploma or degree in nursing;
(5) Have completed the nursing education program for which the loan balance applies; and
(6) Have a current, full, permanent, unencumbered, unrestricted license to practice as an RN in the State in which they intend to practice or be authorized to practice in that State pursuant to the Nurse Licensure Compact.
Please refer to the Nurse Licensure Compact state listing at http://www.ncsbn.org/158.htm
NURSE Corps LRP requires Nurse Faculty members to have a current license to practice as an RN, even if it may not be required by the School of Nursing.
Applicants will be deemed ineligible if they:
(1) Have any judgment liens arising from Federal debt;
(2) Have an existing service obligation (e.g., under the National Health Service Corps Loan Repayment Program, the Nursing Scholarship Program, the State Loan Repayment Program, the Bureau of Health Professions Nurse Faculty Loan Program, the Faculty Loan Repayment Program, any State-sponsored loan repayment/forgiveness program, any employer-sponsored scholarship or recruitment/retention incentive programs, or Active Duty military obligation) that will not be satisfied by the application submission deadline;
Exception: Individuals in a Reserve component of the Armed Forces, including the National Guard, are eligible to participate in the NURSE Corps LRP. Reservists should understand the following:
• Military training or service performed by reservists will not satisfy the NURSE Corps LRP service commitment. If a participant’s military training and/or service, in combination with the participant’s other absences from the facility or school of nursing, will exceed 7 weeks (35 workdays) per service year as set forth under Service Requirements (see page 14), the participant should request a suspension of his/her service obligation. The NURSE Corps LRP payments will be stopped while the reservist is on an approved suspension and will resume when the reservist returns to full-time service. The service obligation end date will be extended to compensate for the break in service.
• If the approved facility or school of nursing where the reservist is serving at the time of his/her deployment is unable to reemploy that reservist, the reservist will be expected to complete his/her NURSE Corps LRP service obligation at another eligible, approved facility or school of nursing. The reservist must contact the NURSE Corps LRP to request a transfer and receive approval, in accordance with the transfer policy (see page 16).
(3) Have defaulted on any Federal payment obligations (e.g., Health Education Assistance Loans, Nursing Student Loans, FHA Loans, Federal income tax liabilities, etc.) or non-Federal payment obligations (e.g., court-ordered child support payments, mortgage payments, etc.);
(4) Have defaulted on a prior service obligation to the Federal, State, or local government, even if they subsequently satisfied that obligation through service, monetary payment or other means;
(5) Have defaulted on a service obligation under the HHS/HRSA/Bureau of Health Professions Nurse Faculty Loan Program;
(6) Had any Federal or non-Federal debt written off as uncollectible or had any Federal service or payment obligation waived;
(7) Are currently excluded, debarred, suspended, or disqualified by a Federal agency from participating in a covered transaction;
(8) Work for nurse staffing agencies or travel nurse agencies;
(9) Work on an "as needed" basis (this includes PRNs, Pool Nurses, or other RNs who are not scheduled in a full-time capacity, as defined by NURSE Corps LRP);
(10) Have a temporary or inactive RN license;
(11) Are a licensed practical or vocational nurse;
(12) Are self-employed;
(13) Have failed to apply all NURSE Corps LRP funds previously received towards their qualifying educational loans; OR
(14) Work at a for-profit health care facility or school of nursing.