New nurses who received work within just the final 12 months for the first time at a expert nursing house or clinic are suitable to use.
Passed by both of those the Mississippi Dwelling and Senate, SB 2373 will make the “Skilled Nursing Property and Hospital Nurses Retention Loan Reimbursement Method.”
The plan for new nursing graduates and these who have employed on within just the very last 12 months, after signed by the Governor, will be administered by the Mississippi Postsecondary Education Economical Assistance Board.
The laws was authored by Condition Senator Rita Parks (R) in an effort and hard work to entice and keep nurses at Mississippi healthcare facilities.
Lt. Governor Delbert Hosemann claimed the pandemic rocked the health care business through the country and elevated workforce shortages, particularly in nursing.
“Senate Bill 2373, authored by Senator Rita Parks, will assist stabilize the workforce in Mississippi by allowing for new nurses to pay down college student mortgage debt rapidly in trade for yrs of work at a clinic or qualified nursing facility in our point out,” Lt. Governor Hosemann stated.
Topic to the availability of cash, an qualified applicant for an initial award must have:
- Lawful residency in the Point out of Mississippi.
- Gained employment inside of the very last calendar year for the very first time as a full-time certified realistic nurse or accredited registered nurse at a experienced nursing dwelling in the Point out of Mississippi or a general acute care healthcare facility in the Condition of Mississippi that is certified by the Mississippi Point out Office of Health and fitness.
- A latest related Mississippi experienced license.
- Remarkable qualifying educational loans, acquired at any point throughout the recipient’s postsecondary schooling profession, which may well incorporate the principal, curiosity and related expenses this kind of as the needed fascination quality on the unpaid balances of govt and professional loans received by the receiver for instructional cost.
The bill points out that any individual who has acquired money from condition-forgivable personal loan courses recognized beneath Mississippi law, or who are in default or delinquent on any federal, condition, local or industrial qualifying instructional personal loan, shall not be suitable for this program.
“Recipients in the program shall be chosen on a to start with-appear, initially-served basis from all eligible applicants,” the monthly bill states. “Awards shall be granted on a 12 months-to-yr foundation, and recipients have no obligation to search for a subsequent award.”
Awards for recipients who are utilized at a expert nursing dwelling or a certified general acute treatment clinic in the state may perhaps be a maximum of $6,000 for each yr of employment up to 3 a long time.
You can browse the full bill underneath.