Student loan repayments used to lure nurses into veterans homes

FRANKFORT, Ky. (WTVQ) – Nurses at veterans’ homes in Kentucky can now receive up to $ 40,000 over four years to pay off their student loans.

“This program showcases our values ​​of education, good jobs and caring for our veterans,” Governor Andy Beshear said. “We also have grants from the US Department of Veterans Affairs, which cover half of the reimbursements.”

“We appreciate the fact that nurses have made a substantial investment in their training,” said Keith Jackson, commissioner for the Kentucky Department of Veterans Affairs (KDVA), “and we want to make sure they can work in our homes. skilled nursing – the highest quality facilities in Kentucky – without worrying about high student loan debt. “

The new program was designed to both retain nurses on staff and recruit more nurses. It is open to registered nurses and licensed practical nurses.

Staff nurses who have worked at least a year full-time at one of KDVA’s veterans retirement homes in Wilmore, Radcliff, Hazard and Hanson can apply for a first-year repayment of a quarter of their debt. student loan, up to a maximum of $ 10,000 per year.

A beneficiary can apply for the second, third and fourth years, if he has kept continuous employment in good standing.

  • A nurse with $ 8,000 in student loan debt can receive a maximum of $ 2,000 per year for up to four years, for a total of $ 8,000.
  • A nurse with $ 40,000 in student loan debt can receive a maximum of $ 10,000 per year for up to four years, for a total of $ 40,000.
  • A nurse with $ 60,000 in student loan debt can receive a maximum of $ 10,000 per year for up to four years, for a total of $ 40,000.

The program is now accepting applications from nurses on KDVA staff until the end of March. A committee will review and award prizes.

Nurses who wish to be considered for next year’s scholarships must be hired from one of the four KDVA nursing homes by March 31, 2021.

“This is a wise investment in our workforce,” said Mark Bowman, executive director of the Kentucky Veterans Center Office. “Each year we retain a nurse, which improves continuity of care and saves money by reducing turnover costs. Improving our ability to recruit nurses and fill vacant positions will also improve veterans’ access to care. We want every nurse interested in paying off a student loan to be eligible as soon as possible, which means being hired by the end of March.

To apply for nursing positions open at Kentucky State Veterans Homes, go to https://careers.ky.gov.


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