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For Registered nurses, can they get their loans forgiven or paid for by the hospital they work in if they stay there for two years?

I am a high school Junior looking into getting in a nursing school program in Texas.

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Bailey’s Answer

Occasionally some hospitals will offer a loan repayment option and would have to pay it forward in years. If you quit or get fired you would have to pay the hospital back for the previous year. I’ve been told you can go into the military as an officer with a BSN and serve about 3 years and have your education paid. The fedloans will do school loan forgiveness after 10 years of working for a non-profit organization.
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Alice Fae’s Answer

Teaching Hospitals will contribute to educational cost in most cases.
In addition scholarship offers are available through various foundations.
Loan forgiveness information:
https://www.whitehouse.senate.gov/news/release/whitehouse-introduces-bills-to-grant-student-loan-forgiveness-to-frontline-health-workers-and-teachers

Alice Fae recommends the following next steps:

Continue to research monitary resources to support your education
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Savannah’s Answer

Hi there Justin!

You are totally able to shop around for jobs to find what suits you best. The last hospital I worked for offered assistance in repayment for student loans and they also contributed money to current school costs. There are plenty of large organizations that offer this type of incentive. That being said, the current small outpatient practice I work for does not offer any assistance in paying my loans. Just make sure that you are keeping that in mind when you accept a position. There are also some state programs that can help you pay back loans as well (this is an option in FL).
Thank you comment icon Thank you, Savannah! Justin
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Hillary’s Answer

Hi Justin,

Consider that many hospitals at this time (year 2022) are having sign on bonuses that require you to stay for a certain amount of time and you get the bonuses in increments (as an example every 6 months up to 1-2 years you might get $30k). That may help repay student loans. In some cases the sign on bonuses are very high right now. That changes as time goes on. When many of my colleagues started nursing jobs fresh out of school the hospitals were giving many sign on bonuses although when I started I had to beg for a job. So it very much depends on the economy at the time. Don't let that stop you from becoming a nurse ;) It's a fantastic career!

Many hospitals offer tuition reimbursement. In my case they offer $3000 every year, but that does not kick in until you have been there for a year AND you have to utilize those funds within THAT year.
Thank you comment icon I appreciate you taking the time to answer this. Justin
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