Establishes the nurse loan repayment program
Overview: Bill Number: A 4715, Title: Establishes the nurse loan repayment program, Status: REFERRED TO HEALTH, Introduced: February 04, 2025Purpose and Intent: The main goal of th
Overview: Bill Number: A 4715, Title: Establishes the nurse loan repayment program, Status: REFERRED TO HEALTH, Introduced: February 04, 2025Purpose and Intent: The main goal of th
Overview: Bill Number: A 4715, Title: Establishes the nurse loan repayment program, Status: REFERRED TO HEALTH, Introduced: February 04, 2025
Purpose and Intent: The main goal of this bill is to establish a nurse loan repayment program to help address the shortage of nurses in the state. The program aims to incentivize nurses to work in underserved areas or hard-to-staff healthcare facilities by providing financial assistance to repay their student loans.
Key Provisions:
- Creates a nurse loan repayment program administered by the state Department of Health
- Provides up to $50,000 in loan repayment assistance for nurses who commit to working for at least 3 years in eligible healthcare facilities or underserved areas
- Gives priority to nurses working in nursing homes, long-term care facilities, and rural or inner-city hospitals
- Requires participants to maintain their nursing license and continue working in an eligible position for the duration of the agreement
Affected Parties and Impacts:
- Nurses with outstanding student loans who are interested in working in underserved or hard-to-staff healthcare facilities
- Healthcare facilities, especially nursing homes and rural/inner-city hospitals, that struggle to attract and retain nursing staff
- The state's overall healthcare system, which aims to improve access and quality of care through increased nurse staffing
Procedural and Timeline Considerations:
The bill has been referred to the Health Committee for further consideration. If passed, the nurse loan repayment program would be established and begin accepting applications from eligible nurses.
Compiled from official sources — confirm details with the bill’s official record.
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