Rhode Island offers liberal loan programs for nurses/nurse educators.
To encourage nursing school graduates to work in Rhode Island upon graduation, RISLA's Nursing Rewards Program offers an interest-free Stafford Loan and $1,000 per year of principal forgiveness during the first four years of repayment. In order to qualify for the program, an applicant must be an RN or LPN licensed to practice in Rhode Island and currently providing direct care to patients at a licensed Rhode Island facility.
The second program--aimed at offsetting a looming shortage of nursing faculty members in the state--offers an interest-free Stafford Loan, along with $5,000 per year of principal forgiveness during the first four years. In order to qualify for this program, an applicant must be a nurse with a master's degree and teaching at one of the state's nursing schools.
RISLA executive director Noel Simpson explained that the programs are being offered to combat the state's nurse shortage, which is predicted to increase to as much as 25 percent in 2010 and 55 percent by 2020, as well as the growing shortage of faculty members in the state's nursing schools. The nurse educator shortage, Simpson said, could lead to delays in students completing their nursing degrees and put further strain on Rhode Island's health care system.
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|Title Annotation:||From the States ...|
|Publication:||Nursing Education Policy Newsletter|
|Article Type:||Brief article|
|Date:||Sep 1, 2007|
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