Nebraska Student Loan Repayment programs are specific to the State of Nebraska. Nebraska is a unique state both in terms of politics and landscape. It is the only state to have a unicameral legislature and can boast of many miles of winding rivers in any state in the U.S. Apart from its uniqueness, there are many benefits to becoming a part of the state. Considering student loans, Nebraska’s student loan forgiveness programs can provide various benefits and help you save thousands of dollars in education debt.
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Health Professional Loan Forgiveness Program
For students interested in pursuing a degree in the healthcare field, the state of Nebraska provides various benefits in terms of student loan forgiveness programs. Students serving as physicians, nurse practitioners or PA might be able to receive up to $40,000 in loan forgiveness. Other fields qualifying for loan forgiveness include internal medicine, pediatrics, gynecology and many more provided they meet the under mentioned eligibility criteria:
Having a license to practice in the state, without any restriction
Must not be under residency training
Meeting all the healthcare field requirements
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Nebraska Student Loan Forgiveness Program
Residents of the State of Nebraska may qualify for either Federal Student Loan forgiveness programs or the state’s Nebraska Student Loan forgiveness Program (NSLRP). If anyone has private student loans, they can refinance their loans and check if they can get a lower rate of interest and payment. But before going for the refinancing of student loans, it is advised to exhaust all possible federal options first.
Under the Nebraska Student Loan Repayment Program, the funds are tax exempted and are aimed at professionals who agree to practice for a minimum of 3 years in a shortage area designated by the state.
The amount offered under this program is up to $40,000. The eligible professions under this program include nurse practitioners, physical-assistants, general pediatrics and many more. They should also possess a non-provisional license and should not be in residency training.
Other Forgiveness Programs available under the state of Nebraska are the Teacher Loan Forgiveness for Perkin Loans and Early Childhood Educator Loan Forgiveness.
There are a number of forgiveness programs available in each state. It is advised to have an in-depth understanding of top student loan forgiveness programs available in each state so that you are well aware of your option before you commit to a particular forgiveness program.