Would you consider becoming a nursing corps loan repayment program? If so, the process of applying is simple and the money you’ll receive can be up to $86,000.
What is the Nurse Corps Loan Repayment Program?
The U.S. Army offers a loan repayment program to nurses that join the Army Nurse Corps during their enlistment. This program is one of many ways the Army supports their nurses and provides them with more opportunities to enter debt-free and establish their career goals before beginning the military lifestyle.
The Nurse Corps Loan Repayment Program (CLRP) allows military service after Sep. 7, 1980 to repay student loans incurred for nursing education. The CLRP is an interest-free loan repayment program that is available to all active duty members of the US Army as well as to Reserve and National Guard members upon graduation from a school of Nursing where CLRP was offered.
How To Apply for the NSLCRP
The program is now open and officially accepting applications. Eligible nurses may apply to recoup their loan if they are currently serving on active duty, have served at least 24 consecutive months in the military or naval service, or if they have been placed on active duty and expect to be on full-time status within 12 months.
The NSLCRP is a loan program for members of the U.S. Armed Forces who are trained as Registered Nurses with the Department of Defense and have served two years or more in the military and have completed at least one full year in a nursing position. The program offers loans up to $125,000 with no collateral required for approved applicants who will spend all or most of their career as a nurse.
How to Complete Your Application Process
If you would like to apply for the Nurse Corps Loan Repayment Program, please follow these steps:
1. Read all of the information on the website and contact your recruiter if you have any questions.
2. Using this form, email your information to [email protected] mil or fax it to (202) 605-3483
3. Sign up for an appointment at one of our regional Centers to complete your application process with a CFCS coordinator
4. Submit a copy of your signed NDA with the form
5. Send copies of these forms by mail or fax to:
For Non-Air Force Personnel
Office of National Defense Services (NDSC)
When you become a member of the RN, CNOR or CRN, one of your main goals is to repay your student loan. With the Nurse Corps Loan Repayment Program, members can obtain the funds needed to pay back their loans and gain invaluable training experience all at once. The amount that could be paid back through the program varies depending on how many hours you work a month.
What happens after application?
Interested in the recruit enlistment bonus? The nurse corps loan repayment program might be your key to unlocking it. Speak with a recruiter about getting into the program and you’ll be able to repay your student loans and simultaneously start earning an income for your future career as a military nurse.
If you are accepted into the Nurse Corps Loan Repayment Program, you must meet all of the following criteria:
– You graduated from an accredited nursing program within 3 years of submitting your application
– You are a certified nurse, eligible for federal loan repayment through the National Health Service Corps (NHSC)
– You are currently employed as a nurse in a federally qualified health center or other comparable public health entity.
The Benefits of this Program
The benefits of this program include the fact that those who work in nursing have a shorter time to repay the loan. This can be up to 10 years, while other professions usually have a repayment period of more than 15 years. It is easier for these nurses to find employment because they will not have any negative marks on their record.
The Nurse Corps Loan Repayment Program is a benefit offered by the U.S. Army Reserves, Army National Guard and Army Medical Department that enables nurses to voluntarily repay their professional obligation as they serve in dangerous military operations around the globe. The program offers a variety of options for nurses who have already incurred substantial debt from payments on their loans, including loan forgiveness and deferrals.
The Nurse Corps Loan Repayment Program is an option available to nurses who choose to take a career break and return to the military, with a reduced-pay period of two years. The program provides a single monthly payment of $1,000 for each year of service up to 10 years. For example, nurses would have to serve for 10 years for the program to equal $100,000 in total payments.
The Nurse Corps Loan Repayment Program (LCRP) is designed to help nurses repay student loans. The program can help nurses continue their nursing career without worrying about debt, or gain new skills and knowledge to advance their careers.