FORGIVABLE LOAN PROGRAM

Overview

Eligibility Criteria

Application Process
We are no long accepting applications for the Fall 2010. Spring 2010 applications will be available in October. Please check back then.

Success Story

 

OVERVIEW
The Education Fund offers a limited number of forgivable loans to members enrolled in an eligible healthcare-related academic program at an accredited institution. The loan will compensate you to reduce your work schedule by up to 8 hours per week for class attendance and to study. The loan does not have to be repaid if you continue to work with your current employer in your upgraded position for a year or more and/or meet other requirements. If these requirements are not meet, then the loan must be repaid. In addition to financial support, participants also are assigned a counselor who keeps in touch regularly and offers access to other Education Fund resources and services. This is also the case with all of our programs.

ELIGIBILITY CRITERIA
In order to be eligible for our Forgivable Loan Program, you must:

• Be enrolled or accepted in a Registered Nurse, or other professional or technical, program for the coming semester.
• Work in a participating SEIU bargaining unit position for a contributing employer
• Be a regular, full- or part-time employee eligible for benefits. (Non-benefited, bargaining unit employees may be eligible for other services).
• Have completed your initial probationary period
• Be able to work out an agreement with your manager to reduce your work schedule
• Meet other eligibility criteria that your employer, the training fund and/or the training program requires

Please Note: This program is not for completion of prerequisite classes. Selection for the Forgivable Loan Program is limited, and based on eligibility criteria and availability of funding.

APPLICATION PROCESS
We are no longer accepting applications for our Fall 2010 program. Spring 2011 applications will be available in October. Please check back then.
> For more information call 1.888.TRAIN06 (872-4606) or email us.