New Funding Opportunity: Nurse Faculty Loan Program

New Funding Opportunity Available!

Nurse Faculty Loan Program (NFLP) (HRSA-24-015)

The Health Resources and Services Administration (HRSA) released a new Notice of Funding Opportunity (NOFO) to increase the number of qualified nursing faculty nationwide.

The Nurse Faculty Loan Program (NFLP) provides funding to accredited schools of nursing to establish and operate a student loan fund and provide loans to students enrolled in advanced nursing degree programs who are committed to becoming nurse faculty. In exchange for completion of up to four years of post-graduation full-time nurse faculty employment in an accredited school of nursing, the program authorizes cancellation of up to 85 percent of the original student loan amount (plus interest thereon). The program also encourages Advance Practice Registered Nurses (APRNs) to serve as full-time preceptors within an academic-practice partnership framework.  

HRSA will award approximately $26.5 million to up to 90 grantees over a period of one year.

Eligible Applicants: 

Eligible applicants are domestic accredited schools of nursing with advanced education nursing programs. Please view the NOFO on Grants.gov for a complete eligibility information.

The application deadline is 11:59 p.m. ET on February 5, 2024.

Have questions?

Join the technical assistance webinar to learn about this funding opportunity, including application requirements.

Thursday, December 7, 2023

1:30 – 3:00 p.m. ET