Nurse Faculty Loan Program

The application period is now open for 2023-2024 Nurse Faculty Loan Program awards. Applications are due to the SON Office of Academic Affairs no later than 5 p.m. on September 12, 2023. Applications should be submitted to Yvonne Perry: yperry93@email.unc.edu

Please see the “Who is Eligible to Apply to the NFLP” section for guidance on how to submit your application. All applicants will complete a brief essay demonstrating their commitment to the nurse faculty role.

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 WHAT IS THE NFLP?

The Nurse Faculty Loan Program (NFLP) is a federal program designed to increase the number of nursing students who pursue careers as full-time faculty teaching in schools of nursing. Full-time or part-time graduate students who plan careers as nurse faculty are eligible to apply and may be eligible for up to 5 years of financial support (contingent upon ongoing federal funding and therefore subject to change).

Up to 85% of the total loan amount will be forgiven if the graduate works full time for 4 years in a nurse faculty position immediately following graduation. Faculty positions may be in any state and at any accredited nursing program (ADN, BSN, MSN, DNP, or PhD).

WHAT EXPENSES DOES THE NFLP COVER?

NFLP covers the cost of tuition, books, fees, lab expenses and other reasonable educational expenses. Awards may be renewable for a maximum of five years but this is contingent upon ongoing federal funding and therefore subject to change. The NFLP loan may not exceed $35,500 per student for any academic period. The NFLP student borrower must complete the specified education component(s) for the advanced nursing degree program prior to graduating from the program.

Funding cannot be approved for the following:

WHO IS ELIGIBLE TO APPLY TO THE NFLP?

School of Nursing students are eligible to apply if they are committed to assuming a full-time faculty role upon graduation. All applicants will complete a brief essay demonstrating their commitment to the nurse faculty role. NLFP loans should be made on a first-come-first-serve basis for an academic year until funds are expended. Priority will be given to full-time students and students who already have received NFLP support and those who do not have funding from other sources. NFLP funds are limited; students will be funded as the amount currently in our account permits.

Eligibility requirements for new and continuing applicants (MSN, Post-graduate, DNP, or PhD):

WHO IS NOT ELIGIBLE TO APPLY TO THE NFLP?

NFLP Legislation established that loans now may be made to all students pursuing a course of study in an advanced degree program including postmaster’s certificate students.

WHAT ARE THE RESPONSIBILITIES OF NFLP RECIPIENTS?

If you are approved to receive monies from the NFLP, you must:

NOTE:  NFLP recipients who entered the program prior to Fall 2016 are under the requirements they agreed to at that time. Please see Dr. Cheryl Woods Giscombe with any questions.

Recipients are responsible for registering for coursework or fulfilling other teaching activities that may be required. The SON is not responsible if students neglect to complete required courses or maintain participation in teaching activities.

The University must stop disbursement if the borrower: fails to meet the above requirements; withdraws from the institution; fails to meet the academic standards of the institution; or requests to terminate participation in the NFLP program.

HOW MANY STUDENTS WILL BE ELIGIBLE FOR THE NFLP?

Awards will cover as many qualified students as possible until funding is depleted.

Other Questions?

Please contact Dr. Cheryl Woods Giscombe.