The UNCG School of Nursing is pleased to have received funding from the Health Resources and Services Administration (HRSA) to offer the Federal Loan Forgiveness Program for Nursing. This program is available to Doctor of Nursing Practice (DNP) and PhD students who are – or plan to be – nurse educators in academic settings.
WHY THIS PROGRAM?
There is a serious, and increasing, nationwide shortage of doctorally prepared nursing faculty to meet the demand for educating future generations of nurses. The goal of the program is to encourage doctoral students to pursue careers in nursing education.
Financial Benefit: The loan covers 100% of tuition, fees, and books.
Loan Forgiveness: After graduation, 85% of the loan is forgiven if the student secures a full-time educator position in academia within 12 months of graduating, and maintains an educator position for at least four years.
Limitations: Funding cannot be used for general living expenses, health insurance, or costs covered by another funding source.
To qualify for this program, applicants must meet the following requirements:
Be a UNCG School of Nursing DNP or PhD student in good standing
Intend to pursue a full-time nurse faculty position upon graduation
Be a U.S. citizen or lawful resident of the U.S. and its territories
Have no judgment liens entered against them based on the default on a Federal debt, as per 28 U.S.C. 3201 (e)
*Priority is given to students who have already received Nurse Faculty Loan Program (NFLP) support and do not have funding from other sources.
Enrollment Requirement: Students must be enrolled for at least two consecutive semesters each academic year of loan support.
Commitment: Students will sign a Letter of Commitment for the initial amount funded and updated loan amounts each semester. A Statement of Borrowers’ Rights and Responsibilities is required each year of NFLP support.
Educational Prerequisites: Students without prior graduate coursework in nursing education must complete 6 credit hours in nursing education, a Board of Nursing Approved CE program, or pass the CNE exam before graduation.
Program Participation: Enrolled students are expected to participate in UNCG’s Future Faculty Program and the School of Nursing Curriculum Committee.
HOW TO APPLY
To apply for the Nurse Faculty Loan Program, please submit your completed applicationto Dr. Susan Letvak at [email protected].