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If you are already working as a registered nurse, saddled with student loans that you are repaying, the Federal Government has issued a standing offer that might lighten your load. In exchange for a two-year commitment to work in a critical shortage area, the Nursing Education Loan Repayment Program will pay 60% of your outstanding student loan balance. If you agree to continue employment for an optional third year, Uncle Sam will pick up the tab for an additional 25% of your nursing school loan debt. personal loans south carolina Monthly payments are set up as automatic deposit or payroll deduction
Bill plans to stretch those benefits even further by depositing them in a state-sponsored 529 college-savings plan. By contributing to a 529, he'll be able to use the earnings and distributions tax-free to pay for tuition, books, fees and other qualified expenses. If the child received $500 a month, for example, and the account earned an average 5% annual return, the college fund would be worth about $175,000 in 18 years. Depending on where you live, you may also qualify for a state income-tax deduction on your 529 contribution. payday loans roanoke rapids nc Find you a loan The application is present on our website. Just visit the Apply Now page and fill the form. As the application procedure is online, you can fill and submit the form as per your convenience.
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