Summary of Nurse Loan Forgiveness Act of 2007
"Amends the Higher Education Act of 1965 (HEA) to include, under HEA student loan forgiveness and cancellation programs, nurses who: (1) serve at least one calender year in an approved health care facility or setting; or (2) have a Masters of Science in Nursing and are nursing instructors in the school of nursing.
Limits the maximum amount of such loan repayment by the Secretary of Education to $2,000 after the first year of a nurse's employment, with incremental increases after the second through fourth years, up to $5,000 after the fifth year" (GovTrack, 2007).
To see complete Bill:
http://thomas.loc.gov/home/gpoxmlc110/h2572_ih.xml
The Need for the Nurse Loan Forgiveness Act
According to a study by the Department of Health and Human Services in 2002, the United States will experience a 29 percent shortage in the number of nurses needed in the United States health care system by the year 2020, which translates into a shortage of more than 400,000 registered nurses nationwide (Schwarz 2003).
Research indicates that there is a great need for health care services, especially hospitals and prescription drugs, but there continues to be a 28 percent decrease in national licensure examination for all entry-level registered nurses (GovTrack, 2007).
The Department of Labor projects a 29 percent increase in the need for nurses nationwide from 2004 to 2014, compared with a 13 percent increase for all other occupations (GovTrack, 2007).
The General Accounting Office estimates that 40 percent of all registered nurses will be older than age 50 by the year 2010 (GovTrack, 2007).
The enactment of the Nurse Loan Forgiveness Act:
1. Will encourage individuals to enter and continue in
the nursing profession, and
2. Will encourage experienced nurses to instruct
nurses entering the profession, and
3. Will reward such individuals for their service in
the nursing profession by reducing the burden of
student debt.
Tuesday, October 28, 2008
Action Plan Carried Out
Key Stakeholder Contacts
Tuesday, October 21, 2008
Current Developments of the Act
Tuesday, October 14, 2008
Further Support and Political Action
As nursing students we strongly support this bill for multiple reasons. Our main drive for support is that we feel responsible for the implementation of safe and efficient care of our patients, and we believe this bill plays a large role in securing these priorities. There is already evidence of a growing nursing shortage. It has been projected that there will be a nursing shortage of 800,000 jobs by 2020 (Johnson & Johnson, 2002-2006). This shortage continues to exacerbate as the number of active nurses is decreasing and the number of graduating nurses are unable to fill the vacancies. A poll done by the American Nurse journal in 2008 showed that 73% of nurses polled, found staffing on their unit to be inadequate, and 51.9 % of nurses these nurses are leaving their current jobs do to insufficient staffing. In addition, burnout is on the rise. The same article stated that when polled 82% of nurses said they put patient care before their own personal safety. These statistics put a damper on our enthusiasm to become in involved in the
To take political action we plan to contact stakeholders and refer them to this blog in order to further educate them on the need for action. We also plan to write to legislators in our area. Further research will be done on this topic, and data collected will be posted and shared and discussed with other nursing students.
Key Stakeholders and Legislators
Key Stakeholders
- Nurses
- Aspiring Nursing Students
- Hospitals
- Hospital Administrators
- Patients
- Nursing Programs
Congressmen of Virginia
- Bob Goodlatte (6th District)
- Frank R. Wolf (10th District)
- Virgil H. Goode Jr. (5th District)
Tuesday, October 7, 2008
Scholarly Evidence: A Need for Change
Governmental objectives, political influences, and impact
This bill would decrease newly graduated nurses' financial burden, and encourage pursuit of higher education. It will decrease the turn over rate and encourage nurses to remain with their current practice. The safety and satisfaction of the clients seeking care will be improved; which equals happy nurses, happy patients. Overall, patient care will be improved and more efficient. This bill encourages an increased interest in the field of nursing which would contribute to a higher number of individuals pursuing this career. Therefore, this would increase overall health care.