6 ways student loans can affect the community

Targeted student loans could provide a long-term solution to the shortage of healthcare staff.

10:28 25 May 2013

Extreme shortages in the healthcare industry appears to be causing issues with the level of healthcare, and staff areperhaps shouldering much of the burden relating to number of visitors to hospitals. One of the ways this situation might be helped is with greater availability of student loans and grants for those interested in entering the medical field.

 

Here’s what an improved availability of student loans could mean for the healthcare industry:

 

• Large influx of medical staff including physicians, nurses, and community staff. Instituting programs for the student loans will not necessarily be an immediate resolution, but rather would show results potentially within about a decade. 

 

• Greater incentives to choose education relating to anything in the medical field, and enough assistance to allow anyone who desires and is capable of the work to pursue a degree in the field. 

 

• Improved morale at the hospitals and better care. Overworked and overly tired staff members are more likely to make poor decisions. This is a crucial aspect to improving the level of healthcare provided to people. If there are more workers available, the workload can be more equally distributed, allowing the necessary time for healthcare employees to rest and rejuvenate, physically as well as mentally and emotionally. 

 

• Advertising the availability of student loans specifically for those desiring the medical field will generate more awareness of the opportunities which are available and will encourage further interest and pursuit of healthcare careers.  This would hopefully create a steady influx of suitable and talented candidates for healthcare careers. 

 

• Increased college attendance. People who may not have been able to afford University previously would have a way to do so, and the funds would help educational institutions by increasing their enrolment numbers.

 

• Improved economics. Establishing student loans that are targeted for healthcare students could make vast differences in the level of care, and also could allow some disadvantaged community members to improve their economic status and be able to directly stimulate the economy.