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Forms, Educational Loan Repayment, AHEC, Larner College 2025

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The document outlines the Vermont Educational Loan Repayment Program for Nurses (RN and LPN), which is designed to alleviate healthcare professional shortages in underserved communities by providing loan repayment assistance. Funded by the Vermont Department of Health and administered by the UVM Larner College of Medicine AHEC Program, it offers up to $6,000 per year for eligible nurses with significant educational debt. The application process requires both the nurse and their employer to complete sections of the form, with a deadline for submission. Eligibility criteria include residency in Vermont, employment in designated healthcare settings, and a minimum educational debt threshold.

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Click ‘Get Form’ to open the application in the editor.
Begin with Section A: Applicant Information. Fill in your name, contact details, and ensure you indicate your residency status as a Vermont resident.
Proceed to Section B: Applicant Educational Debt. Enter your total unpaid educational loans and attach required documentation from lenders verifying this debt.
In Section C: Applicant Statement, provide a brief narrative about your commitment to serving in Vermont's healthcare community and your career goals.
Complete Section D: Practice Site Information by listing your primary practice site and any additional sites where you work.
Ensure all sections are completed accurately. Review the Application Checklist before submitting.
Once finished, save the document and print it for signature. Mail it to the specified address by the deadline.

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How to get student loan debt forgiven?

Public Service Loan Forgiveness (PSLF) The PSLF Program forgives the remaining balance on your Direct Loan after youve made the equivalent of 120 qualifying monthly payments while working full time for a qualifying employer.

How to find a student loan repayment plan?

Checking and changing your plan type You can check which repayment plan you should be on by signing in to your online account and selecting Download active plan type letter. Then, show it to your employer to make sure they have you on the same one. Your employer will be able to update it if its wrong.

Who will qualify for the student loan forgiveness?

be employed by a qualifying nonprofit OR a US government organization at any level (federal, state, local, or tribal) including US military service. work full-time for that agency or organization. have Federal Direct Loans (or consolidate other federal student loans into a Direct Loan)

What is the average time it takes to pay off a $30,000 student loan?

Average Student Loan Payments Average DebtRepayment Term Average Debt $30,000 Repayment Term 5 yrs, 7 mos Average Debt $35,000 Repayment Term 6 yrs, 9 mos Average Debt $40,000 Repayment Term 8 yrs, 1 mo Average Debt $45,000 Repayment Term 9 yrs, 5 mos1 more row Mar 11, 2025

Do student loans go away after 7 years?

Do student loans go away after seven years? While negative information about your student loans may disappear from your credit reports after seven years, the student loans will remain on your credit reports and in your life until you pay them off.

How do you repay your student loans?

Top Tips Review your student loan balance on your Dashboard. Choose a repayment plan based on your income. Visit your loan servicers website if you need help. Pay your student loans online through your loan servicers website. Review the various loan forgiveness options.

Is there anyway to get your student loans forgiven?

Income-Driven Repayment (IDR) Plans An IDR plan bases your monthly payment on your income and family size. If you repay your loans under an IDR plan, the end of term balance on your student loans may be forgiven after you make a certain number of payments over 20 or 25 years (240 or 300 monthly payments).

What happens if I dont pay my student loans?

You may not be able to purchase or sell assets such as real estate. Your loan holder can take you to court. You may be charged court costs, collection fees, attorneys fees, and other costs associated with the collection process. Your school may withhold your official transcript.

Forms, Educational Loan Repayment, AHEC, Larner College 2025

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