New nurses who gained employment throughout the final 12 months for the primary time at a talented nursing residence or hospital are eligible to use.

Handed by each the Mississippi Home and Senate, SB 2373 will create the “Expert Nursing House and Hospital Nurses Retention Mortgage Reimbursement Program.”

This system for brand new nursing graduates and people who have employed on throughout the final 12 months, as soon as signed by the Governor, will likely be administered by the Mississippi Postsecondary Training Monetary Help Board. 

The laws was authored by State Senator Rita Parks (R) in an effort to draw and retain nurses at Mississippi healthcare services.

Topic to the provision of funds, an eligible applicant for an preliminary award will need to have:

• Authorized residency within the State of Mississippi.
• Gained employment throughout the final 12 months for the primary time as a full-time licensed sensible nurse or licensed registered nurse at a talented nursing residence within the State of Mississippi or a basic acute care hospital within the State of Mississippi that’s licensed by the Mississippi State Division of Well being.
• A present related Mississippi skilled license.
• Excellent qualifying academic loans, obtained at any level in the course of the recipient’s postsecondary schooling profession, which can embrace the principal, curiosity and associated bills such because the required curiosity premium on the unpaid balances of presidency and industrial loans obtained by the recipient for academic expense.

The invoice explains that any one that has obtained funds from state-forgivable mortgage packages established underneath Mississippi legislation, or who’re in default or delinquent on any federal, state, native or industrial qualifying academic mortgage, shall not be eligible for this program.

“Recipients in this system shall be chosen on a first-come, first-served foundation from all eligible candidates,” the invoice states. “Awards shall be granted on a year-to-year foundation, and recipients don’t have any obligation to hunt a subsequent award.” 

Awards for recipients who’re employed at a talented nursing residence or a licensed basic acute care hospital within the state could also be a most of $6,000 for annually of employment as much as three years. 

You may learn the complete invoice under.