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.

Eligibility Requirements

To be eligible to receive loan repayment assistance, a nurse must

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

 

How to Apply

The application period for the 2018-2019 academic year is September 10, 2018 through October 31, 2018.

To download the fillable application form, go to the Nursing Faculty Loan Repayment Program Application.  Applications must be received in our office or postmarked no later than October 31, 2018 to be considered.

 

Award Amount

Nurses may qualify for up to $7,000 in student loan repayment for a period of up to 5 years.

 

Repayment under this program will be reported as taxable income to the Internal Revenue Service by the Texas Higher Education Coordinating Board.. 

 

Eligible Loans

 

Frequently Asked Questions

What is considered full time?
     The individual institution determines what is considered full time.

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.

What is the service period?
     The service period is a period of service equal to a minimum of nine months of a 12-month academic year.  The standard is September through May of each year.

When will I receive my award?
     The award will be forwarded to your student loan holder(s) once the completed application for payment has been received and reviewed at the end of the current academic year.