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Important Notice - Income Tax Reporting
Nursing Student
Loan Forgiveness Program payments made to participants are
considered exempt from federal income taxes.
The Affordable Care Act of 2010 amends the Internal
Revenue Code section 108(f) and retroactively expands the
tax exclusion for amounts received under state loan
repayment or loan forgiveness programs that are intended
to increase the availability of health care services in
underserved areas. Below is a link to the Internal Revenue
Service News Release on the newly enacted law:
http://www.irs.gov/newsroom/article/0,,id=224387,00.html
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Enrollment Update
Enrollment
for new applicants will re-open November 1, 2011.
If you are interested in applying, please submit a new
and current application during one of the enrollment
periods. Visit the NSLFP website for more information
and to download an application.
For information about other financial
resources for nursing scholarships, loans, and loan
repayment programs, see link to Additional Resources
(left side of page).
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Program Overview
The Florida
Legislature established the Nursing Student Loan Forgiveness Program
(NSLFP) in 1989 to encourage qualified personnel to seek employment in
areas of the state where critical nursing shortages exist. The program
provides funds to assist in the repayment of nursing education loans.
Eligibility
Requirements
Applicant must:
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Be licensed as an
LPN, RN, or ARNP in the state of Florida
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Have
loans incurred toward a nursing education
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Work
full-time at one of the designated sites established in Section
1009.66, Florida Statutes (listed below)
Designated
Employment Sites and Facilities
Applicant awards are made in the following priority of employer
(Section 1009.66, Florida Statues), as funds are available:
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State of Florida operated medical and healthcare facilities
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Public schools
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Department of Health county health departments
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Federally sponsored community health centers
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Teaching hospitals*
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Family practice teaching hospitals*
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Specialty hospitals for children*
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Match facilities - Other Florida licensed hospitals,
birth centers and nursing homes must be matched on a dollar-for-dollar basis by contributions from the employing institutions.
* As defined by statute
Loan
Payment
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From funds available, the program may make nursing education loan repayments
of up to $4000 per year, per nurse enrolled in the program, for a
maximum of four years.
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Payment is made
at the end of each 12 month enrollment period and made
directly to the participant’s lender for the student loan.
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Enrollment and payment of awards is
based on available funds.
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Application Timeframes |
DEADLINE
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ENROLLMENT
DATE |
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February 1-
March 1 |
March 1 |
April 1 |
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May 1 – June 1 |
June 1 |
July 1 |
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August 1 –
September 1 |
September 1 |
October 1 |
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November 1 –
December 1 |
December 1 |
January 1 |
Visit the NSLFP
website to learn more about the program,
designated
sites and to download an
application
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