At a glance
The Nurse Faculty Loan Program provides low-interest loans to students in advanced nursing education programs and loan cancellation for graduates who become nurse faculty. It is open to accredited schools of nursing in the United States and its territories; individuals cannot apply. The expected total funding for FY 2026 is $25.6 million, with about 80 grants and awards of up to $2 million each. A cost share is required: recipients must contribute an Institutional Capital Contribution equal to at least one-ninth of the federal award, and the program also requires maintenance of effort. Award funds cannot be used for indirect costs, and loans to students cannot exceed $50,000 per student in any academic year.
What it funds
Official description from grants.gov
The NFLP seeks to increase the number of qualified nursing faculty nationwide by providing:Low-interest loans for students studying to be nurse faculty. Loan cancelation for graduates who go on to work as faculty. NFLP graduates can have up to 85 percent of their student loan and interest canceled if they work full-time as nurse faculty for up to four years. This includes Advanced Practice Registered Nurses (APRNs) who work full-time as preceptors in academic-practice partnerships.
Who can apply
- City or township governments
- County governments
- For-profit organizations other than small businesses
- Native American tribal governments (Federally recognized)
- Native American tribal organizations (other than Federally recognized)
- Nonprofits with 501(c)(3) status (other than higher education)
- Nonprofits without 501(c)(3) status (other than higher education)
- Others
- Private institutions of higher education
- Public and State controlled institutions of higher education
- Special district governments
- State governments