Nursing Faculty Loan Repayment Assistance Program

The purpose of the Nursing Faculty Loan Repayment Assistance Program is to improve access to nursing education programs by encouraging qualified nurses to serve as faculty at eligible institutions of higher education.

To speak to a Customer Service Representative regarding loan repayment programs, call 833-597-0454, Monday through Friday 8 a.m. to 5 p.m. CST.

Online Inquiries: CONTACT US (select “Financial Aid Question” option under Contact Reason) 

 

Funding for State Fiscal Year 2020-2021

Priority for loan repayment assistance is given to prior year recipients who are continuing service in the program. There are not sufficient funds available to enroll new program participants during the state fiscal year beginning September 1, 2020.

Prior year recipients will be notified about the application for renewal awards before the end of the 2020-2021 academic year.

 

Eligibility Requirements

To be eligible to receive loan repayment assistance, a nurse must meet the following requirements:

For additional details, please review the administrative rules for the program.

 

Award Amount

 

Eligible Loans

The following requirements apply for a loan to be eligible for repayment through this program:

 

Frequently Asked Questions

What is considered full time?
     The individual institution determines what is considered full-time employment as a member of the nursing faculty.

Can I receive payment for part time service?
     No.  A recipient must be a full time faculty member in order to be considered for loan repayment assistance.

What is the service period?
     The service period is a minimum of nine months of a 12-month academic year.

When will I receive my award?
     The award will be sent to your lender(s) after we have received and reviewed end-of-service period payment application and employment verification forms.