Nurse Faculty Loan Program (NFLP)

This notice announces the opportunity to apply for funding under the Nurse Faculty Loan Program (NFLP). The NFLP program seeks to increase the number of qualified nursing faculty nationwide by providing low interest loans for individuals studying to be nurse faculty and loan cancelation for those who then go on to work as faculty. A robust, geographically dispersed nurse faculty workforce is essential to producing the nursing workforce needed to meet US health care needs. Successful applicants establish and operate a student loan program including maintaining a fund, providing loans to students enrolled in advanced education nursing degree programs, and monitoring compliance with program requirements. In exchange for completion of up to four years of post-graduation full-time nurse faculty employment in an accredited school of nursing, graduates receive cancellation of up to 85 percent of the original student loan amount (plus interest thereon) as authorized by the program. Advance Practice Registered Nurses (APRNs) who serve as full-time preceptors within an academic-practice partnership framework are considered faculty under the NFLP, to support the expansion of clinical training opportunities for nursing students. For more details, see Program Requirements and Expectations.