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 sense growth in the next few years. Nursing is a rewarding field of work, and the shortage of superior nurses approximately guarantees job security.
Education for Nurses
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pupil 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 possible nursing students may hesitate to incur the debt of a four year degree. But, there are opportunities to collect 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 entrance Act of 2007 makes it possible for nurses working full-time in public aid 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 public aid 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 carefully 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 agenda 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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