The Nursing Loan Repayment Assistance Program was authorized by the Texas Legislature (83rd Regular Session) to improve access to nursing education programs by encouraging qualified nurses to serve as faculty at eligible institutions of higher education. The maximum annual loan repayment amount is $7,000.
State funds are not appropriated specifically for this program. However, in each fiscal year, funds may be reallocated from the Physician Education Loan Repayment Program (PELRP) Account if funds remain available after all physician applications have been considered. Unfortunately, after financial commitments have been made to physicians participating in the PELRP as of Aug. 31, 2016, there are no remaining FY 2016 funds available for reallocation to the Nursing Faculty Loan Repayment Assistance Program.
Please visit this web page in September, 2017 for information on FY 2017 funds. For more information, please contact us.