The Nurse Loan Forgiveness Act of 2007 aids to promote change to this nursing shortage problem by promoting additional financial resources for incoming nurses. Many of the 1.1 million job openings projected by HRSA will be filled by new graduate nurses. By allowing an incentive to pay for student loans in exchange for nursing job fullfillment, an increase will take place in the amount of nursing students able to afford going through school knowing that their education can be paid for when they are working. Students can be more comfortable knowing their entire paycheck does not have to go back to their education and can relax knowing they won't have to be in extreme debt the first several years out of school.
Tuesday, October 7, 2008
Scholarly Evidence: A Need for Change
In a letter to President Bush written December 20, 2005, the Americans for Nursing Shortage Relief (ANSR) discussed nursing as, "being a vital resource for our nation," especially in time of disaster, yet funding is insufficient to aid in nursing reimbursement, program promotion, and employment. "In February 2004, the Bureau of Labor Statistics projected that registered nursing would have the greatest job growth of all professions in the United States in the years spanning 2000 and 2012. During this ten-year period, health care faciliteis will need to fill more than 1.1 million RN job openings....HRSA projects that, absent aggressive intervention, the RN workforce will fall 29 percent below requirements by the year 2020" (ANSR, 2005).
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This would not only benefit us through tuition reimbursement, but also through increasing the number of nurses so that we work in units that are not understaffed. Money should not be an obstacle for motivated people who are dedicated to pursuing a career in nursing. This is a good pick and something we can all identify with right now.
By passing this act, it would definitely help incoming nurses ease their financial problems and actually encourage them to go to school. With tuition reimbursement, the number of nurses would probably increase and in turn would help fill the 1.1 million RN job openings; therefore the RN workforce is less likely to fall below the requirements as estimated the the ANSR. This is very much related to us all and many of those desiring to be a nurse.
What better way to attract individuals to go to nursing schools than incentives? Loan payback programs attract students all over the world who need to take out loans to accommodate the cost of their education. Some individuals don't even go to school because they don't have the financial resources to fund it and do not want to take out loans. Loan forgiveness programs would increase the number of students who would go to nursing school and therefore, potentially decrease the nursing shortage that currently exists.
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