WASHINGTON, Oct. 23 -- The U.S. Department of Health & Human Services issued the following press release:
Nursing students and licensed nurses interested in working in a nursing home may now qualify for up to $40,000 in student loan repayment and/or a $10,000 stipend in exchange for a three-year commitment to serve in a qualifying nursing home in a rural or higher labor-shortage area through a new $275 million nationwide initiative announced today by the Centers for Medicare & Medicaid Services (CMS).
The Nurses for Nursing Homes initiative is expected to support more than 4,000 nurses nationwide. Funded through civil monetary penalties collected by CMS and states from nursing homes, the initiative directs resources to licensed nurses and...