Nurse Faculty Loan Program (NFLP)
Closed Posted
- Opportunity number
- HRSA-24-015
- Agency
-
Health Resources and Services Administration
Department of Health and Human Services
- Applications due
- Award size
- Not on record
Opportunity facts
- Assistance listings
- Funding instrument
- Grant
- Category
-
- Health
- Eligible applicants
-
- Non-501(c)(3) Nonprofits
- Higher Education Inst. (Public)
- 501(c)(3) Nonprofits
- Higher Education Inst. (Private)
- Tribal Governments (Federally Recognized)
- Tribal Organizations (Not Federally Recognized)
- Other
Opportunity details come from Grants.gov. Updated .
About this opportunity
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.
Synopsis
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.
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