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 2016-2017 academic year is now closed.

 

Award Amount

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

Loan repayment assistance received through this program will be reported to the Internal Revenue Service. 

 

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 lender(s) once the application has been reviewed and approved.