The NFLP seeks to increase the number of qualified nursing faculty nationwide by providing low interest loans for individuals studying to be nurse faculty and loan cancellation for those who then go on to work as faculty. Successful applicants must establish, operate, and maintain a student loan program that provides loans to students enrolled in advanced nursing education degree programs. NFLP recipients must also monitor compliance with program requirements.
NFLP graduates can have up to 85 percent of their student loan, including interest, canceled if they work full-time as nurse faculty for up to four years at an accredited nursing school. Advanced Practice Registered Nurses (APRNs) who work full-time as preceptors in academic-practice partnerships are also considered faculty under the NFLP, expanding clinical training for nursing students.
