How to Apply

 

THE NURSE FACULTY LOAN

  • Sponsored by Health and Human Resources Services Administration (HRSA) Bureau of Health Professions.
  • Eligible to students enrolled at least half time in advanced nursing degree program that must commit to serving as a faculty at a school of nursing following graduation.
  • The borrower can cancel up to 20% principal and interest per year for a maximum of 85% of the total NFLP Loan.
  • The borrower must be employed full time in a school of nursing within 12 months of graduation.

Maximum Eligibility

Loan Fees

Interest Rate

Repayment Begins

Up to cost of tuition  less any other aid received

None
  • 3% if employed as a full time faculty member at a nursing school program
  • 12% for borrowers who fail to become full time faculty members at a nursing school program
  • Begins 9 months after graduation or when student is not longer enrolled at least half-time..