Hailey
Do hospitals do loan forgiveness?
as a nurse would hospitals provide loan assistance/forgiveness #student-loans #healthcare #nursing
2 answers
Oscar Trejo
Oscar’s Answer
Loan forgiveness usually comes from the lender, in this case would be the federal government or a private lender if you used one.
However, hospitals offer as part of the benefits package a student load relief, in which you sign a contract for x amount of years in which you can't leave the hospital before that time and they would pay fully your student loan. I know for a fact is very common, and a cousin was offered that opportunity and he had 200k in student loans from going to medical school. It's definitely is something that still happens today, but when you are about to join a hospital talk to your HR department to see what options are there for you available.
Scott Bedell
Scott’s Answer
Loan forgiveness is typically done at the federal level for any student loans made prior to employment. Information on student loan forgiveness can be found at https://studentaid.ed.gov/sa/repay-loans/forgiveness-cancellation
After being employed in the medical sector, if you are working in the inner city, high poverty, or other high rish areas you are more likely to qualify for student loan forgiveness. If you want to pursue a masters or doctorate degree, you can get grants or tuition waivers from many employers to take courses while working for them so long as you pledge to continue to work for that organization for a number of years. Make sure to discuss any of these programs and the terms required when accepting such a grant.
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