Nurse Faculty Loan Program (NFLP)
The Nurse Faculty Loan Program offers low-interest loans and up to 85% loan cancellation for nursing students who become full-time nurse faculty or preceptors after graduation.
Funder: Health Resources and Services Administration
Due Dates (Anticipated): July 2026 (Full application deadline, projected)
Funding Amounts: Up to $2,000,000 per award; total program funding estimated at $25.6 million; approximately 80 awards expected.
Summary: Supports accredited schools of nursing to provide low-interest loans and loan cancellation for students who become nurse faculty, addressing the national shortage of qualified nursing faculty.
Key Information: Cost sharing or matching is required.
Description
This program aims to increase the number of qualified nurse faculty in the United States by providing funding to accredited schools of nursing. Participating schools offer low-interest loans to students pursuing careers as nurse faculty. Graduates who serve as full-time nurse faculty (including APRNs acting as preceptors in academic-practice partnerships) may have up to 85% of their loan principal and interest canceled over four years of eligible service. The initiative seeks to address the ongoing shortage of nursing educators, thereby supporting the growth of the nursing workforce nationwide.
