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Nurse Faculty Loan Program (NFLP)

Squirrel started this conversation

This federal aid program is managed by:

Health Resources and Services Administration, Department of Health and Human Services

Objectives:

To increase the number of qualified nursing faculty. Schools of Nursing that receive NFLP funding must provide loans to students enrolled in eligible advanced degree nursing programs (master’s or doctoral) with an education component(s) that will prepare the student to teach. NFLP loan recipients complete the education program, and following graduation, may cancel up to 85% of the NFLP loan while serving as full-time nurse faculty at an accredited school of nursing.

Funding obligations:

(Direct Loans) FY 09 $10,679,570; FY 10 est $23,480,276; FY 11 est $23,480,276

Uses and Use Restrictions:

The school must establish an NFLP fund to be used only for making NFLP loans to eligible students and for the costs associated with collection of these loans. Institutions may award a maximum loan amount of $35,500 per student for an academic year to support the cost of tuition, fees, books, and other reasonable education expenses. Upon completion of the program, an amount up to 85 percent of the loan may be cancelled by the institution as follows: upon completion of the first, second, and third year of full-time faculty employment in an accredited school of nursing, 20 percent of the principal and interest of the unpaid loan shall be cancelled for each year; upon completion of the fourth year of full-time employment as faculty in an accredited school of nursing, 25 percent of the principal and interest of the unpaid loan shall be cancelled for the fourth year. The school will establish an NFLP fund to be used only for making NFLP loans to eligible students and for the costs associated with collection of these loans. (See above for additional information.). Institutions may award a maximum loan amount of $30,000 per student for an academic year to support the cost of tuition, fees, books, laboratory expenses and other reasonable education expenses. Upon completion of the program, an amount up to 85 percent of the loan may be cancelled by the institution as follows: upon completion of the first, second, and third year of full-time faculty employment in a school of nursing, 20 percent of the principal and interest of the unpaid loan shall be cancelled for each year; upon completion of the fourth year of full-time employment as faculty in a school of nursing, 25 percent of the principal and interest of the unpaid loan shall be made be given for the fourth year.

Examples of Funded Projects:

Fiscal Year 2010: No Current Data Available Fiscal Year 2011: No Current Data Available Fiscal Year 2012: No Current Data Available

Program Accomplishments:

Fiscal Year 2010: No Current Data Available Fiscal Year 2011: FY 2011 report data for the FY 2010-2011 academic period is not available. Fiscal Year 2012: No Current Data Available

Types of Assistance:

Direct Loans

Range and Average of Financial Assistance:

Range is $2,552 to $728,671; Average is $107,874.

Length and Time Phasing of Assistance:

Project periods are for one (1) year. See the following for information on how assistance is awarded/released: Grantees drawdown funds, as necessary, from the Payment Management System (PMS). PMS is the centralized web based payment system for HHS awards.

Applicant Eligibility:

Eligible applicants include all accredited public, nonprofit and private or for-profit schools of nursing that offer advanced degree nursing education programs (master's or doctoral) to that prepare advanced degree nursing students to serve as nurse faculty. In addition, the institution must be located in a State in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, the Virgin Islands, Guam, American Samoa or the Trust Territory of the Pacific.

Beneficiary Eligibility:

Eligible nursing students must: (1) be a citizen or national of the United States, or a lawful permanent resident of the United States, the Commonwealths of Puerto Rico, the Northern Mariana Islands, the Virgin Islands, Guam, American Samoa or the Trust Territory of the Pacific Islands; (2) be enrolled in an advanced degree program in nursing to become qualified nursing faculty; (3) not be in default on a Federal debt; and (4) maintain good academic standing.

Award Procedure:

Notification is made in writing by a Notice of Award.

Contact Info for Headquarters Office:

Denise Thompson 5600 Fishers Lane, Room 9B-45, Rockville, Maryland 20857 Email: dthompson@hrsa.gov Phone: (301) 443-1399

Website Address:

www.hrsa.gov

Related Programs:

 

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angie411
can a NFLP be consolidated with a federal direct loan if the applicant is unable to find full-time teaching employment and must began to repay the NFLP?
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