Ohio teacher loan forgiveness program

Recipient must serve as a fulltime nurse in Ohio for five years to qualify for percent loan cancellation. Eligibility Requirements An applicant must: Be an Ohio resident. Be enrolled in or be accepted for enrollment approved nurse education programs in Ohio colleges, universities, hospitals, or vocational schools. Not be in default or owe a refund to any Federal Financial Aid program. Maintain an academic record which places the student in good academic standings within the institution.

Is There a Deadline? Provides financial assistance to Ohio registered nurses enrolled in approved Ohio post-licensure nurse education programs who intend to serve as nurse faculty after graduation. Recipient must serve as a nurse faculty member in Ohio for four years to qualify for percent loan cancellation.

Be a registered nurse. Provide a letter of intent stating that the applicant will serve as a faculty teaching instructor upon graduation and must teach at a participating university within the state of Ohio for no less than four 4 years following graduation.

Requirements of NEALP Recipients To qualify for loan forgiveness the borrower must secure full-time employment in the direct clinical practice of nursing in Ohio, or as a faculty member for a prelicensure or postlicensure program for nursing, within a period not to exceed six months following graduation from the approved nurse education program.

Submissions can be sent via fax to Please do not send any personally identifiable information PII via email, such as your social security number.

Click on question below to view its answer:: Do I need to notify my school if I am awarded? How will I receive the funding? When will I receive my funding? Can I transfer to another institution during the year? Do I need to re-apply every year? Do I need to make any payments while in school? Other Options. Get Out Of Debt. How To Start. Extra Income. Build Wealth. Credit Tools. Ohio Student Loan Forgiveness Programs. Ohio has several student loan forgiveness programs that are specific to just the State of Ohio.

Justice Student Loan Repayment Program JRJ provides loan repayment assistance for state and federal public defenders and state prosecutors who agree to remain employed as public defenders and prosecutors for at least three years. Some of the more prominent ones are the:.

Along with these funding options, Ohio offers exceptional in-state tuition rates and scholarships for those whose parents have fallen in the line of duty. To get started, check out the Ohio Scholarship search website. There are federal student loan forgiveness options available that may be a better fit for your career and life. The main programs through the U.

Each of these programs comes with specific terms and an application process. For example, PSLF requires qualifying payments while working for a public employer or nonprofit organization. The main difference between federal government programs like these and the ones listed above is the service contract requirement.

With federal forgiveness programs, you enter a repayment plan and must recertify annually to stay eligible for the student loan forgiveness program. That said, federal student loan forgiveness programs span five to 25 years of student loan payments, depending on which one you enter.

In this case, the state-specific programs can be worth your time and effort for the years of service. Instead, look into refinancing your student loans for an affordable payment and better interest rate with a private lender. All forgiveness and repayment programs take years to complete, whether you move forward with a state-specific program or one with the Department of Education.

If you want a team of professionals to consult during this process, we can help. Start your search for financing to buy the dental practice of your dreams. See what bankers are available in your state with the button below. Tiered to bonus for 50k to k. Finopulse Disclaimer : This story is auto-aggregated by a computer program and has not been created or edited by Finopulse.

Publisher: Bethany McCamish. Student Loan. December 20, Start an Ohio student loan forgiveness program today Student loan forgiveness in Ohio Ohio offers state-specific student loan forgiveness and student loan repayment options.

Learn More 4. John R.