Students considering a career in nursing or students that have already chosen nursing as a career choice will have likely noticed that there is a large shortage of qualified nurses. Nowadays, with specialty student loans available to students pursuing a nursing career, it is possible for people of all income levels to obtain a nursing degree.
Nursing Education Loan Repayment Program: This selective U.S. government loan program helps alleviate the shortage of registered nurses in America by helping nurses repay their student loans while working. In exchange for the initial two years service commitment, nursing graduate participants receive 60 percent of their total qualifying loan balance. For an optional third year of service, participating nurses are qualified to receive 25 percent of their original total qualifying loan balance.
EdSouth Loans: Recognizing the shortage in essential professional fields, Edloan offers loan programs to K-12 teachers, nursing, biomedical and computer engineering students. Nursing students are eligible borrowers in financing the cost of a post-secondary education. This loan is financed through a network of various lenders.
Private Lender Loans: Multiple finanical institutions offer loans to nursing students. Chase, US Bank, and Wells Fargo are just a few of the many banks that you could work with to obtain a private student loan.
Federal Student Loans: There are multiple additional loans available through U.S. federal loan programs. The first step to figuring out what you may qualify for is to complete your Free Application for Federal Student Aid (FAFSA).
It is crucial for nursing students to figure out their tuition obligations so they can focus on what really matters - obtaining an education. Remember, there is no better investment than a college degree, especially in a high-demand area like nursing.