What is the Nursing Education Loan Repayment Program (NELRP)?
The goals of the NELRP are to assist in the recruitment and retention of professional registered nurses dedicated to providing health care in facilities with a critical shortage of nurses and to provide an opportunity for nurses to pursue a career in such facilities. The program offers Registered Nurses (RNs) substantial economic assistance to repay a portion of their qualifying educational loans in exchange for a minimum of 2-years of full-time service at a health care facility with a critical shortage of nurses. In return, the NELRP will pay 30 percent of the participant’s total qualifying loan balance each year for the first 2 years of service (total of 60 percent). A participant may be eligible to amend his/her two-year NELRP Contract to serve for a third (optional) consecutive year at a Critical Shortage Facility (CSF). If a participant works full-time for a third year at a CSF, the NELRP will pay an additional 25 percent of the participant’s original qualifying loan balance. By s
