The Health Resources and Services Administration (HRSA) provides Nurse Faculty Loan Program (NFLP) funds to nursing schools to help graduate students who plan to become nursing faculty upon graduation. The loan can be used for tuition, fees, books, and other educational supplies, but not living expenses. It is not necessary for students to contact HRSA. Loan applications are submitted directly to the School. UW disburses the funds after approval. There is no application deadline. Minimum enrollment of 5 credits per quarter required.
Funding varies based upon each student’s educational expenses up to $35,000 per year, as determined by the UW Office of Student Financial Aid. Up to 85% of the total loan amount is canceled if the borrower maintains eligible employment (as a full-time faculty member, part-time faculty who is also a preceptor, or full-time ARNP with an adjunct or affiliate faculty position) for the first four years after graduation. Borrowers will then have six years to repay the remaining 15% of the principal balance, plus interest (with a 3% interest rate). The interest rate will revert to the prevailing market rate (6.8% in 2020) if the borrower does not complete the degree or does not meet the four-year faculty employment requirement.
Applicants must be a Master’s, DNP, or PhD student in good standing, a U.S. citizen or permanent resident, and plan to teach in a faculty role upon graduation.
Completion of the FAFSA is required to verify citizenship/residency (UW Federal Code UW Federal Code 003798).
Eligible employment as a nurse faculty
“Nurse Faculty” is defined as an academic educator (faculty) or a clinical educator/instructor role at an accredited school of nursing, or a clinical educator/preceptor role at an accredited health facility. “Full-time” nurse faculty employment is designated by the lending institution. Full time employment status may include: being employed as a full-time faculty member in an accredited school of nursing, being employed as a part-time faculty member at an accredited school of nursing in combination with another part-time faculty position or a part-time clinical educator/preceptor position at an accredited health facility, affiliated with an accredited school of nursing that together equates to full-time employment. For example:
1 Full-time Faculty position (tenure or non-tenure track) = 1 Full-time employment status
1 Part-time faculty position (adjunct faculty/clinical instructor/part-time faculty) + 1 Part-time faculty position = 1 Full-time employment status
1 Part-time faculty position + 1 Clinical educator position (clinical educator, clinical preceptor) = 1 Full-time employment status
Application request and process
The NFLP process begins in June and the loan is processed early September. Students who would like to borrow an NFLP loan should complete the following steps:
Complete the FAFSA.
Send a message with the subject line “Request for NFLP application” to firstname.lastname@example.org.
Have no judgment liens entered against him/her based on the default on a federal debt.
Be a citizen or national of the U.S., or a lawful permanent resident of the U.S. and its territories.
Maintain "good academic standing" while enrolled in the advanced nurse education program.
Students must maintain enrollment for a minimum of two consecutive terms (quarters or semesters) during an academic year while receiving the NFLP loan support. Students enrolled in the last year of the program are not required to enroll for two terms (quarters or semesters) if program requirements are met.)
Interim MN Advisor and Recruiter
Contact me for additional details and to find out how to apply!