Nurses who work for a nonprofit or the government may qualify for Public Service Loan Forgiveness. PSLF offers tax-free forgiveness of your remaining federal direct loans after you make 120 eligible payments while working full time for a qualifying employer; private loans are ineligible.

Do Registered Nurses qualify for student loan forgiveness?

Registered nurses who work in a Health Professional Shortage Area or Medically Underserved Area can receive up to $10,000 through the California State Loan Repayment Program. There is a one-year commitment at a qualifying organization. Recipients can be awarded up to three times.

Are there any private loans for nursing students?

Private loans for nursing students are available, and these can make sense if you’ve maxed out your federal aid. Graduate students with good credit may also want to consider a private nursing student loan if they can qualify for a low interest rate.

How much money can I Borrow to go to nursing school?

You can borrow up to $6,500 during your second year and $7,500 during your third year and beyond. Independent students and graduate students have higher borrowing limits. However, grad students are only eligible for unsubsidized loans.

Are there any nursing schools that offer student loan forgiveness?

Travel nursing: Travel nursing can also be an option to help you pay back your student loan debt faster. Although travel nursing agencies may not offer specific student loan forgiveness, many offer different types of bonuses, as well as stipends that can help boost your pay.

What is the interest rate on a nursing student loan?

Nursing Student Loans are low-interest and available to full-time disadvantaged students. However, these loans aren’t offered by the government directly. Instead, schools participate in the program to offer the loans, which have a fixed interest rate of 5.00%.