This notice of funding opportunity announces grants available through the Nurse Faculty Loan Program administered by the Health Resources and Services Administration. Eligible applicants are accredited schools of nursing and tribal organizations seeking to establish and operate student loan funds to support master's and doctoral nursing students committed to becoming faculty. Applications are due February 12, 2024 and will be evaluated based on the ability to meet program requirements. Approximately $26.5 million is available to fund up to 90 grants of up to $3 million each to support students and operations from July 1, 2024 through June 30, 2025.
Individual awards are expected to be up to $3 million each to support the establishment and maintenance of revolving student loan funds. Funded organizations must recruit and support nursing students and faculty based at their accredited schools of nursing within the United States and tribal organizations. In exchange for one to four years of full-time employment as faculty, graduates may receive cancellation of up to 85% of their loans.
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