Student Loan Forgiveness for Nurses in Kentucky | Review

Here in this blog post, you will find all the details about Student Loan Forgiveness for Nurses in Kentucky.

Becoming a nurse is a great way to help those in need and make a good living. 

However, nursing school can result in higher student loan debt and higher monthly payments. 

The demand for nursing is so great that several national and state student loan forgiveness programs have been created to attract new nursing candidates.

 In addition to helping borrowers process nursing student loans, these loan forgiveness programs also support the growing need for skilled healthcare workers. 

This is especially true for regions of the country with significant bottlenecks.

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Nursing Career Outlook in Kentucky 

The need for qualified nursing staff is increasing. According to the Bureau of Labor Statistics (BLS), registered nurse employment is projected to grow 9% from 2020 to 2030. 

This is faster than the average growth rate of 4% for all occupations.

 The demand for specialized medical services is increasing due to several factors. 

For example, the rise in chronic conditions requiring care is driving demand. 

Additionally, the aging population in general means that more healthcare workers will be needed in the future. 

Add in the pandemic and mental health crisis in the United States, and it makes sense that nurses are in high demand.

 Student loan forgiveness programs for nurses have different requirements. 

In general, you may be able to forgive some of your student loan debt if you meet certain service standards.

 Other forgiveness programs require a certain number of eligible student loan payments to be eligible for student loan forgiveness balances.

Here are the nursing student loan forgiveness programs you should know about:

See Also: The Pros and Cons of Student Loans: Are They Worth It?

National student Loan Forgiveness Programs for Nurses

Nurses can take advantage of a few student loan forgiveness programs offered by the federal government. 

Before applying, make sure to review the unique requirements for each program.

1. Public Service Loan Forgiveness

One of the best nurse loan forgiveness programs is Public Service Loan Forgiveness (PSLF).

 This Loan Forgiveness Program is a relief option for government professionals with eligible federal direct loans.

What is the Eligibility for Government Loan Forgiveness?

  •  I have a student loan through the Federal Income-Based Repayment (IDR) program.
  • And make 120 eligible student loan payments. The 120 payments do not have to be consecutive, but must be paid in full and on time to qualify.
  • and working for a government or eligible non-profit organization while making eligible payments and during the application process.

What is an Eligible Organization?

  • Any federal, state, local, or tribal governmental organization.
  • Or a nonprofit organization exempt from taxes under Section 501(c)(3) of the Internal Revenue Code. 
  • or any other type of not-for-profit organization that is not tax-exempt under Section 501(c)(3) of the Internal Revenue Code if its primary purpose is to provide certain types of eligible public services.
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Learn More: Student Loan Permanently Assigned to Government | Here’s What to Know

Which Loan Retirement Programs Are Eligible For Government Loan Forgiveness?

The four income-based payment plans (IDRs) covered by the PSLF are:

  • Pay as much as you earn (PAYE)
  • Revised Pay As You Earn (REPAYE)
  • Income-Based Repayment (IBR)
  • Income Related Refund (ICR)

The standard 10-year repayment schedule is also technically eligible for government loan forgiveness. 

However, with this repayment plan, the student loan will be paid off in full in ten years and there will be no credit allowed. 

Therefore, you must be enrolled in one of our income-based plans to receive PSLF benefits.

 If you have other non-direct federal student loans, you must consolidate them into your direct consolidation loan.

 Any pre-consolidation payments made under the regular eligible loan rules will no longer count towards the PSLF’s 120 loan payments. 

We recommend that you keep any credits covered under this Credit Waiver Program separate from other credits.

 Another significant feature of government loan forgiveness is that the forgiven loan amount is not considered income by the Internal Revenue Service. This means that it is not taxed.

Limited PSLF Waiver Program

President Biden’s PSLF waiver program exempts most of these common requirements. Non-direct lending borrowers should be consolidated. 

A borrower with federal student loans of any kind must add all experience of community and government employment to her PSLF-ECF form at

 To apply, submit her PSLF application for forgiveness. Submit the Government Service Loan Forgiveness Employment Certificate form annually if you are eligible for this loan forgiveness program. 

Also, each time you change employers, you must submit a new certificate.

Read More: Is a Student Loan Considered Secured or Unsecured? Here’s What to Know

2. Perkins Loan Cancellation

For five years of qualifying full-time service, nurses with Federal Perkins loans may be eligible to have up to 100% of their student loans forgiven. 

To apply, get in touch with your designated loan servicer or the financial assistance office at your school. 

In September 2017, the Perkins loan program came to an end. 

However, if you obtained a Perkins loan before it expired, you are still qualified to request its cancellation.

Nurse Corps Loan Repayment Program

The National Health Service Corps (NHSC) oversees the Nurse Corps loan repayment program. 

Through this loan repayment program, qualified nurses can pay off up to 85% of their student loan debt. 

However, she has to commit to two to three years of service at a severe deficiency facility in the United States.

Check this: How to Beat National Collegiate Student Loan Trust in Court

 How to get Qualification;

According to her HRSA website, to be eligible for the Nurses Corps Loan Repayment Program, you must meet the following criteria:

they are:

  • Licensed Registered Nurse; and
  • Advanced Practice Registered Nurse. Also
  • A nursing faculty member with a qualified nursing debt
  • You have completed your nursing training at an Accredited nursing school in any US state or territory
  • I work full time at Legitimate facilities with significant shortages in areas of high demand or Nursing schools accredited as a nursing faculty Impact of taxes on payments

 Unfortunately, Nurse Corps Loan Repayment Program payments are subject to federal tax. 

Therefore, the Nursing Corps loan repayment program deducts federal income tax and her FICA tax from its payments. 

Taxes are paid directly to the IRS on your behalf so you don’t have to worry about it. 

However, this means that the total amount actually refunded is less than the percentage awarded.

Also Read: How to Apply for a Limited Waiver for Student Loan Forgiveness

3. Military Student Loan Forgiveness for Nurses

The U.S. Army offers several student loan forgiveness programs that apply to registered nurses. 

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However, all military refund options are only available to those who have never served in the military before.

 As with all military college loan repayment programs, payments are made against the outstanding student loan principal. However, accrued interest is not covered.

 Also, unlike the PSLF, loan repayments count as taxable income under the IRS and must be reported annually. 

Under the military repayment program, payments are made directly to the lender. Also, taxes are withheld from the IRS before any payment is made.

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4. Army Active Duty Health Professions Loan Repayment Program

Through the Army’s Active Healthcare Loan Repayment Program, enlisted nurses who have served at least three years of active duty can pay 33.3% of the loan amount from the Army. 

However, to be eligible for loan repayment, you must earn at least 50 points in the military aptitude battery.

 According to the Army website, “Participants in this program are eligible to receive up to $120,000 toward nursing debt loan payments. can receive.”

 First, it’s important to note that only federal loans are eligible for Army loan repayment. 

Second, nurses should know that joining the Army Nursing Corps as an officer can earn a sign-up bonus of up to $30,000.

5. Army Reserves Healthcare Professionals Loan Repayment Program

Nurses who serve on the Army Reserve medical team may be eligible to receive up to $50,000 to pay off nursing school loan debt. 

This loan repayment program allows a nurse to receive up to $20,000 for her two consecutive years of service. 

There is also an option for an additional $10,000 loan repayment in the third year.

6. Army Reserve College Loan Repayment Program

An Army Reserve nurse can receive up to $50,000 to pay off college loans. 

However, to qualify for this loan repayment program, she must serve six years in the Army Reserves.

 7. Navy Nurse Candidate Program

According to the Navy, “Nursing students who choose to serve full-time in the Navy can receive up to $34,000 through the Nurse Candidate Program (NCP) to fund their graduation from nursing school.” 

The program offers a $10,000 scholarship to the first successful applicant, plus a $1,000 monthly stipend for up to 24 months.

How to Get a Health Professions Student Loan

8. Reimbursement Program for Air Force Active Medical Professionals

According to the Air Force, “Participants in the Air Force Active Medical Professionals Repayment Program (ADHPLRP) will receive repayments for loans used to fund the training of medical professionals. 

Repayments may consist of the loan amount of principal, interest, and reasonable education and living expenses. ”

 The upper limit of repayment is 400,000 yen.

 In addition, a minimum of two years of active service is required to receive loan repayment.

9. State Government Loan Forgiveness Program for Nurses

 In addition to federal student loan repayment options for nurses, individual states also offer student loan repayment and forgiveness programs. 

Check out the programs below to see what’s available in your state.

Kentucky offers the Kentucky Loan Repayment Program (KSLRP) to nurses.

 This program is for registered nurses, certified nurses and midwives, registered nurses, and specialist psychiatric nurses working full-time at her KSLRP Kentucky location.

 This loan repayment program differs from similar programs in that it offers loan repayments as a 50-50 match. 

However, federal funding provided by the KSLRP must match the sponsorship source. 

This may include employers, private foundations, businesses, community organizations, or philanthropists. 

The maximum loan repayment for registered nurses, certified nurses, midwives, and two-year psychiatric nurses is $40,000. 

Also, the maximum repayment for registered nurses is $20,000.

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10. Hospital Loan Repayment and Reimbursement Program

 National and state loan repayment programs are not the only options for nurses. 

Individual hospitals across the country also offer help to pay off nursing student loan debt. Below is an example of what is currently available to nurses.

Cleveland Clinic: One of the largest hospitals in the United States, the Cleveland Clinic, offers tuition assistance to nurses who complete the required courses after 12 months of employment. Tuition fees are based on employment status and the type of degree.

Craig Hospital: Nurses working at Craig Hospital are eligible for $5,000 in annual tuition.

Rush University Medical Center: Rush University Medical Center offers tuition assistance and full tuition advance payment at Rush University.

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Should Nurses Pursue Student Loan Forgiveness and Repayment Programs?

Nurses have a variety of options for paying off their student loan debt. Some programs cover the unpaid interest. 

But others have you cover the bill. Also, not all repayment programs are tax-free. 

So keep this in mind when choosing the best student loan forgiveness or repayment program for you.

Many repayment options include working in rural or urban areas where there are not enough medical professionals. 

But if you don’t like it, you may need to consider alternatives to pay off your student loan debt faster.

Other ways Nurses can pay off Student Loan Debt Faster

 Student loan forgiveness and repayment programs aren’t the only options available to nurses. 

Government and private student loan repayment programs are available in addition to the ones listed above. 

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Income-Related Reimbursement Plans (IDR).

 Nurses who are not interested in working for a public or non-profit employer (or nurses who do not wish to relocate to rural areas) may enroll in any of the four eligible IDR programs from Years 20 to 25. 

payment can be made. After that, the remaining student loan debt will be forgiven.

 All these IDR programs have certain tax effects. Examine each program carefully before making plans.

Student Loan Refinancing

 One way to reduce your student loan payments and pay off your student loan debt quickly is to refinance your student loan. 

However, remember that government student loans become private student loans after refinancing. 

For example, some hedges will not be available after refinancing. Lost federal protections include:

  • loan deferral
  • loan grace
  • Eligibility to participate in the IDR program 

When refinancing, repayment terms and interest rates are highly dependent on your credit score, current salary, and debt-to-income ratio.

 Depending on your credit rating, you may need a cosigner with good credit to qualify for a student loan refinance. 

However, if you want a co-signer, choose someone with whom you have a close relationship, such as a parent or sibling. 

If you default on your student loans, the co-signer will be financially responsible for the unpaid amount. So make sure you can pay the full amount on time.

Also Read: Georgia Student Access Loan (SAL) | Georgia Student Finance Commission


Do healthcare professionals have access to student loan forgiveness programs? 

Workers in the healthcare industry may be eligible for Public Student Loan Forgiveness once the relief period has ended and they have completed 120 qualifying payments (PSLF). Borrowers will be given credit for the PSLF during the payment halt as if they had made on-time, accurate monthly payments.

Do medical practitioners have access to programs that cancel student loans? 

Once the relief period has passed and 120 qualifying payments have been made, healthcare workers may be eligible for public student loan forgiveness (PSLF). During the payment suspension, borrowers will receive credit for the PSLF as if they had made regular, precise monthly payments.


Navigating student loan forgiveness for nurses can be tricky. But the Student Loan Planner is here for you. 

Student LoanPlanner consulted with more than 9,000 of her borrowers to create customized student loan plans that have each saved thousands of dollars.

 So, if you need help finding the right loan repayment option for your situation, book your student loan consultation today.


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