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Nurse Faculty Loan Program (NFLP)

The Nurse Faculty Loan Program (NFLP), sponsored by the US Department of Health and Human Services, is available to nursing doctoral students interested in becoming nurse educators.   Following graduation from the nursing program, up to 85 percent of the borrowers' loan principal and interest will be cancelled in exchange for the loan recipient's service as a full-time nursing faculty member at a school of nursing.

  • Must have a GPA of at least 3.0 or better.
  • Must be a U.S. citizen.Foreign students are not eligible for this program.
  • Must make a commitment to stay in the NFLP program for the duration of your academic program and graduate.You may only borrow money for 5 years.
  • Doctoral students taking classes must be enrolled in six or more credits for at least two consecutive semesters each year that you apply for this program.Although a leave of absence is allowed, it must be documented.
  • Must take a least two education courses from a list of approved courses.
  • PhD dissertators can enroll in 3 credits.
  • Eligible students and award amounts are determined by the College of Nursing.


  • Expected to obtain full-time employment as a nurse educator in a school/college of nursing after graduation.Must serve as a full-time nurse faculty for a consecutive four-year period to cancel the maximum amount which is 85% of the unpaid loan balance.
  • Upon completion of each of the first, second and third year of full-time employment, 20% of the principal and interest on the unpaid loan balance may be cancelled.Upon completion of the fourth year of full-time employment, 25% of the unpaid loan balance may be cancelled. The remaining 15% unpaid loan balance will bear interest at a rate of 3%.
  • Given 12 months from graduation date to find employment as a full-time nursing faculty. Repayment of loan begins nine months after graduation. If employment verification is not submitted within the 12-month period, students will not be eligible for the NFLP loan cancellation provision.
  • The loan interest rate is 3%.  However if students fail to complete the course of study or fulfill obligation to obtain full-time employment as a nurse faculty following graduation from the program, loan will bear interest on the unpaid balance at the prevailing market rate. (Historically these rates have averaged from about 10% to 15 %.)
  • Students will need to sign a promissory note and a letter of your rights and responsibilities for each year that they borrow from the NFLP.  After accepting the loan, they will get a “TO DO” item indicating the need to complete the promissory note.
  • Loans are typically added to financial aid awards in August.

    Click here to complete the Promissory Note!