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HRSA closely tracks trends in the national healthcare workforce, and issues targeted grants to colleges and universities for scholarship, student loan and debt repayment programs designed to stimulate interest in clinical specialties in which shortages are expected. About 8,000 students graduate each year from these HRSA-supported institutions ...
Private student loans. When federal student loans aren’t enough to pay for nursing school, some students also use private student loans. Private student loans can have many pros and cons to ...
Instead loans will be administered directly by the Department of Education. [25] Increasing the Pell Grant scholarship award. For new borrowers of loans starting in 2014, those who qualify would be able to cap the amount they must spend on loan repayment each month to 10% of their discretionary income, down from 15%. [24]
Parent loans allow parents to take out student loans, the repayment of which will be their responsibility. The parents use these loans to pay for educational expenses on behalf of the student. For undergraduate students, there is the parent loan for undergraduate students or PLUS Loan. This loan allows parents to borrow up to the total cost of ...
New Mexico's Health Professional Loan Repayment Act, funded with state and federal dollars, allows health care workers to get their outstanding student loans repaid on a case-by-case basis.
The Public Service Loan Forgiveness program was created in 2007, promising college graduates that the remainder of their federal student loans would be zeroed out after 10 years working in ...