PHEAA Launches the fresh new Student loan Recovery to own Nurses Program with $5 million in COVID – State Fiscal Data recovery Money

The new Pennsylvania Advanced schooling Assistance Institution (PHEAA) established today brand new launch of the fresh Commonwealth’s Education loan Recovery having Nurses (Education loan Registered nurse) Program. The latest offered capital into system is anticipated to include student mortgage relief to have licensed Pennsylvania nurses whom considering proper care throughout the COVID Pandemic.

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As directed by Governor’s Office, PHEAA are assigned with providing this new Student loan Rn Program having $5 mil in COVID – State Financial Data recovery Financing, that was spent on brand new Commonwealth included in the government American Save your self Package. Once the system demand is expected in order to exceed available information, certified applicants was at random selected throughout the final geographically varied candidate pond.

Selected nurses would be permitted receive up to $seven,five-hundred within the save to reduce their a good student loan personal debt, having monetary recovery around $dos,five-hundred for each seasons off work with a maximum of 3 years.

“This program was created through the collaborative and you will bipartisan jobs of the latest Governor’s Work environment and you can my associates regarding the Standard System,” said Representative Mike Peifer, PHEAA Panel Chairman. “Few are far more worthy of monetary rescue as compared to Pennsylvania nurses that have spent some time working thus selflessly towards side outlines so you can worry in regards to our unwell and you can harmed in spite of the of numerous risks of COVID.”

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