Pursue a career in nursing—tuition free

An interest-free, forgiveable loan which pays up to 100% of tuition.

A program for nursing education in Vermont   

CL5.pngMore nurses are needed to fill available positions in hospitals and health care facilities across Vermont. Nursing can provide a rewarding opportunity to help people in a variety of settings, with pathways for advancement, solid earning potential, and educational growth.

VSAC and the Vermont Department of Health have teamed up to offer a program that covers up to full tuition to qualified recipients pursuing a nursing career in Vermont.  

Funded by the Vermont Legislature, the Vermont Nursing Workforce Incentive Loan Program (Interest-free and forgivable) is open to students enrolled at an accredited school approved for federal Title IV funding anywhere in the U.S, with preference given to Vermont institutions, in one of the following nursing programs:

  • a practical nursing certificate, after which the student is eligible to sit for the NCLEX-PN examination
  • an associate degree in nursing, after which the student is eligible to sit for the NCLEX-PN examination
  • a bachelor of science degree in nursing
  • graduate nursing education 

Funding is awarded to qualifying applicants on a first-come, first-served basis until all funds have been depleted. 

Awards are in the form of an interest-free loan that is forgiven when the recipient signs a promissory note and has completed the following work obligations:

  • work as a nurse in VT, employed directly by a Vermont health care provider, for a minimum of one year following licensure for each year of award received.
  • cannot be a traveling nurse

 

WHO IS ELIGIBLE?  

  • Vermont & non-Vermont residents 
  • Enrolled in one of the following nursing programs:
    • a practical nursing certificate program, after which the student is eligible to sit for the NCLEX-PN exam
    • an associate of science degree in nursing program, after which the student is eligible to sit for the NCLEX-RN exam
    • a bachelor of science degree in nursing
    • graduate nursing education
  • Commit to work in Vermont as a nurse, employed directly by a Vermont health care provider, for a minimum of one year following licensure for each year of funding received. Employment as a travelling nurse does not meet this employment requirement.
  • Maintain good standing at your school
  • Complete a promissory note agreeing to repayment of the loan if the employment service commitment is not met.
  • Attend an accredited school approved for federal title IV funding (Pell grants, federal Direct loans). Preference given to students enrolled in an accredited school within Vermont.

 

HOW MUCH IS THE AWARD?

Full tuition at a Vermont public institution (Castleton, Vermont Tech and University of Vermont), or up to $16,280 (in-state tuition at UVM for 2022–2023 academic year) at a Vermont private or out-of-state institution. 

This award can be used to pay for tuition, fees, room, board and the cost of books and supplies.

 

WHEN CAN I TAKE COURSES?  

The program covers courses beginning on or after July 1, 2022 .

 

HOW DO I APPLY?

  1. Complete the Unified Scholarship Application online through your MyVSAC account. For detailed information about the application, refer to pages 1–4 of the Scholarships for Vermonters booklet
  2. Complete the FAFSA for the academic year you’re attending or planning to attend a qualifying program.
  3. If selected as a recipient by the selection committee, recipients sign a promissory note when they accept funding that commits them to the following work arrangements. The loan will be forgiven when both of these work obligations are met:
    • Successfully complete the nursing program
    • Pass the nursing exam
    • Receive your nursing license
    • Work for one year as a nurse for each year they receive funding
    • Work in Vermont as a nurse, employed directly by a Vermont health care provider, for a minimum of one year following licensure for each year of funding received.

 

WHEN SHOULD I APPLY?

Applications are accepted and reviewed on a rolling basis with 3 priority review dates each year:

  • First application priority date (funding permitted): February 15
  • Second priority date (funding permitted): July 15 
  • Third priority date (funding permitted): November 15 

APPLICATIONS WILL BE REVIEWED UNTIL ALL FUNDS HAVE BEEN AWARDED.

 

WHEN WILL I KNOW IF I'VE BEEN SELECTED?

Applicants who submit all required documents:

  • by February 15, will be notified by mid-April
  • by July 15, will be notified by mid-August
  • by November 15, will be notified by mid-December

 

WHAT IS AN INTEREST-FREE FORGIVABLE LOAN?

The state of Vermont offers several forgivable loan programs to encourage students to enter the Vermont workforce in specific high-demand fields. These unique loans:

  • Are interest free.
  • Require awarded students to sign a promissory note committing to specific work obligations when they accept the funding.
  • Do not require payment while the student is enrolled in the applicable degree or training program.
  • Are “forgiven” — which means that the loan does not have to be paid back — when the student meets the work obligations outlined in the promissory note they signed.
  • Must be repaid if the student doesn't complete the program, doesn't receive their license, or doesn't work in the field in Vermont following licensure.

For example: Mary received $16,000 in a nursing forgivable loan program to study nursing at Vermont Tech for her senior year. Upon completion of the program, Mary took her nursing exams and received her license and began working as a nurse in Vermont. One year later her employment was verified, and the loan was forgiven!

 

IS THERE OTHER FUNDING AVAILABLE?

Nurse Faculty Forgivable Loan program — Link coming soon 

 

QUESTIONS:

  • about the scholarship application or status? Contact VSAC or call 888-253-4819.
  • about available programs at participating schools? Contact your school directly.