Atrium Health Loan Forgiveness - Frequently Asked Questions

Who is eligible for the Atrium Health RN-BSN and MSN Loan Forgiveness Programs?

Atrium Health nursing teammates and nursing alumni of Cabarrus College or Carolinas College of Health Sciences.

Can I use the Atrium Health RN-BSN or MSN Loan Forgiveness Program at any college or university?

No, the Atrium Health RN-BSN or MSN Loan Forgiveness Program can only be used at Atrium Health’s Cabarrus College of Health Sciences and Carolinas College of Health Sciences.

What is the amount available through the Loan Forgiveness Program?

Up to $10,000.00 per degree.

I started the RN-BSN program prior to its inclusion in the Atrium Health Loan Forgiveness Program. Am I eligible?

Yes. It can be used to cover the tuition for the courses remaining in your program of study.

Can the Loan Forgiveness Program be used to pay for books and other expenses?

No, it is applied only to actual tuition.

I graduated from Carolinas College of Health Sciences and participated in the Loan Forgiveness Program for my nursing associate/BSN degree. Am I eligible to participate for my RN-BSN/MSN at Cabarrus College of Health Sciences?

Yes.

I am an Atrium Health teammate. I used the Loan Forgiveness Program for my prior degree still have time remaining in my work commitment for that program. Am I eligible to participate for my RN-BSN/MSN?

Yes, your work commitment for your loan forgiveness will begin after you graduate with your BSN and/or MSN and will be added to any remaining work commitment from the nursing associate degree loan forgiveness program.

What is the work commitment required to receive loan forgiveness?

One (1) year full-time work commitment (at least thirty-two (32) scheduled hours per week) with a participating Atrium Health facility for every $5,000 utilized.

I am a Cabarrus College nursing alumnus, but I am not an Atrium Health teammate. Am I eligible for the Loan Forgiveness Program?

Yes, but you will have to repay the loan with monthly payments. There is a six (6) month grace period. The repayment term is thirty-six (36) months at 5% interest. If you secure employment with Atrium Health within six (6) months of your graduation, you can convert your repayment to the work commitment terms. Participation in the loan forgiveness program does not guarantee an eligible position within Atrium Health.

Will participation in the Atrium Health Loan Forgiveness program affect my salary when I am fulfilling the work commitment?

No, you will receive your full salary. Your work commitment is what repays the loan, so there is no payroll deduction. However, the Atrium Health Loan is a taxable benefit at the time the graduate goes into repayment.

Can my associate degree work commitment repayment be deferred while enrolled in the RN-BSN program?

No.

Can my RN-BSN degree work commitment repayment be deferred while enrolled in the MSN program?

No.

I’m already enrolled at Cabarrus College and have the Teammate Scholarship; can I use both the Teammate Scholarship and Loan Forgiveness to pay my tuition?

No. A student must select either the Teammate Scholarship OR the Loan Forgiveness program but cannot participate in both.

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