NY Offers Incentives For Nursing Careers
Posted on Monday, 13 of July , 2009 at 3:36 pm
ALBANY—Imagine going to the local hospital, but there are no nurses to help. The scenario may be exaggerated, but according to the Center for Health Workforce Studies, New York has substantially fewer registered nurses per capita than the national average.
In 10 years, New York State will need more than 100,000 additional nurses to provide quality care, the group says.
Underpinning the problem is a shortage of space and qualified faculty at nursing schools, limiting the admission of new students, according to a new report released by U.S. Sen. Kirsten Gillibrand.
“The root of the problem is that nursing institutions across the state lack the faculty and space they need to train the next generations of nurses we need to provide quality care,” said Sen. Gillibrand.
“My plan will deliver the right mix of incentives and resources to make sure every corner of New York has the nurses we need to provide quality health care to our children and families over the next decade,” she continued.
New York currently offers two important incentives to encourage nurses to begin or continue careers as teachers at nursing schools across the State: the Nursing Faculty Loan Forgiveness Incentive Program and the Sen. Patricia K. McGee Nursing Faculty Scholarship Program.
Both nursing faculty incentive programs are administered by the New York State Higher Education Services Corporation (HESC), the State’s student financial aid agency that helps people pay for college.
The Nursing Faculty Loan Forgiveness Incentive Program provides annual awards to licensed registered nurses who hold a graduate degree and who teach in the field of nursing. Last year, HESC awarded $275,000 to 40 program recipients.
The maximum individual award under this loan forgiveness program is the lesser of the applicant’s actual eligible student loan amount at the time his or her eligibility was established, or $40,000, paid in $8,000 increments for each annual period of completed qualified service.
In general, an applicant must be a registered nurse professionally licensed to practice in New York State, possess a master’s degree in nursing or a doctoral degree qualifying them as nursing or adjunct clinical faculty, and have an outstanding balance on an eligible student loan. Complete program requirements are available on HESC’s Web site at www.hesc.org. Applications for the 2008 qualifying year will be available on the HESC Web site by Aug. 1.
The Sen. Patricia K. McGee Nursing Faculty Scholarship provides competitive awards to licensed nurses who have been accepted in a master’s nursing program at an accredited nursing school in New York State. Applicants must agree to become nursing faculty and teach at a facility in New York State.
Payments are available for up to three years of study. Applications for the 2010-11 academic year will be available in April 2010.
The New York State Higher Education Services Corporation is the State’s student financial aid agency, providing more grant and scholarship awards to students than any other state in the nation. HESC helped nearly 650,000 students achieve their dream of attending college by providing $4.5 billion in grants, scholarships and loan guarantees in 2007-08, including $795 million awarded through the Tuition Assistance Program (TAP) to more than 370,000 students. HESC also provides training and technical services to college financial aid administrators, high school counselors and lenders participating in the Federal Family Education Loan Program. 7-13-09
Category: Good News, Health, New York State
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