The Nurse Faculty Loan Program (NFLP) provides students with loans of up to $35,000 per academic year for a maximum of three years.
The NFLP loan will be released as a fee offset distributed equally in three quarters. The program offers partial loan forgiveness for borrowers that graduate and serve as full-time nursing faculty nine months after their graduation. The loan recipients may cancel 85% of the loan over four years in return for serving full time as faculty in any accredited school of nursing.
All currently enrolled PhD, Post-Master's DNP and BSN Entry to DNP nursing students are eligible to apply if they are committed to a faculty role, in good academic standing, are U.S. citizens or permanent residents, and not in default on any prior student loans. Priority will be given to:
- Full-time PhD, Post-Master's DNP and BSN Entry to DNP students
- Students who have completed their first year in the PhD, Post-Master's DNP and BSN Entry to DNP programs
- Students who do not have full funding from other sources
The NFLP does not support post-doctoral nursing programs (i.e. fellowships). The NFLP recipients who graduate and participate in post-doctoral programs may request deferment of payment. Those who fail to become faculty members within nine months of graduation, or take a leave from school must repay the loan at the prevailing interest rate.
How to Apply:
- Deadline to apply: Aug. 30, 2024 by 5 p.m. PT
- Please read the NFLP Important Overview and Guidelines document first. You may also review our FAQs. Then download and complete the NFLP application form.
- Complete your FAFSA. (Need is not a criterion but is part of the federal approval process for this loan program.)
- Submit the NFLP application form to [email protected] and include as the subject line: NFLP Application.