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This department is offering the Nurse Faculty Loan Program (NFLP) to support schools of nursing in establishing loan funds for registered nurses pursuing graduate education to become nursing faculty. The program provides up to $35,500 per academic year for tuition, fees, and other expenses, with loan cancellation of up to 85% for those who become full-time nursing faculty. Schools must offer advanced nursing programs, and priority is given to doctoral nursing students. The Health Resources and Services Administration (HRSA) provides Federal Capital Contributions, with schools required to make Institutional Capital Contributions. Graduates commit to serving as nursing faculty for up to four years in exchange for loan forgiveness. Deadline for applications is January 10, 2013.
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Opportunity ID: 209053
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General Information
| Document Type:: | Grants Notice |
| Funding Opportunity Number:: | HRSA-13-189 |
| Funding Opportunity Title:: | Nurse Faculty Loan Program (NFLP) |
| Opportunity Category:: | Discretionary |
| Opportunity Category Explanation:: | |
| Funding Instrument Type:: | |
| Category of Funding Activity:: | Health |
| Category Explanation:: | |
| Expected Number of Awards:: | 110 |
| Assistance Listings Number(s):: | 93.264 — Nurse Faculty Loan Program (NFLP) |
| Cost Sharing or Matching Requirement:: | Yes |
| Version:: | Synopsis 2 |
| Posted Date:: | Nov 30, 2012 |
| Last Updated Date:: | Dec 07, 2012 |
| Original Closing Date for Applications:: | Jan 10, 2013 |
| Current Closing Date for Applications:: | Jan 10, 2013 |
| Archive Date:: | Apr 14, 2013 |
| Estimated Total Program Funding:: | |
| Award Ceiling:: | $0 |
| Award Floor:: | $0 |
Eligibility
| Eligible Applicants:: | Others (see text field entitled “Additional Information on Eligibility” for clarification) |
| Additional Information on Eligibility:: | Eligible applicants are accredited schools of nursing or a department within the institution, such as a Graduate School of Arts and Sciences that offers an eligible advanced nursing education program yielding a graduate degree in nursing. The eligibility |
Additional Information
| Agency Name:: | Health Resources and Services Administration |
| Description:: | This announcement solicits applications for the Nurse Faculty Loan Program (NFLP) to increase the number of qualified nursing faculty. The NFLP provides funding to schools of nursing to support the establishment and operation of a distinct, interest-bearing NFLP loan fund. Participating schools of nursing make loans from the fund to assist registered nurses in completing their graduate education to become qualified nurse faculty. The program offers loan cancellation of up to 85 percent for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time. Accredited schools of nursing are eligible to apply for funding. Eligible schools must offer an advanced education nursing degree program(s) that will prepare the graduate student to teach. The United States Department of Health and Human Services (HHS), acting through the Health Resources and Services Administration (HRSA) is authorized to enter into an agreement with the school and make an award to the school in the form of a Federal Capital Contribution (FCC). The school must use the FCC to establish a distinct account called the NFLP fund. The school is required to deposit an Institutional Capital Contribution (ICC) that is equal to no less than one-ninth of the FCC. Participating schools make NFLP loans from the loan fund to eligible graduate (masters and doctoral) nursing students to complete the nursing education program. Students may receive NFLP loans up to $35,500 per academic year for a maximum of five years to support the cost of tuition, fees, books, laboratory expenses and other reasonable education expenses. A funding priority is applied for applicants if the school of nursing student loan supports doctoral nursing students. Following graduation from the nursing program, the nursing school will cancel up to 85 percent of the loan principal and interest in exchange for the loan recipients service as a full-time nursing faculty at a school of nursing, with a certain percentage cancelled each year for up to four years. The loan cancellation over the four-year period is as follows: 20 percent of the principal and interest may be canceled upon completion of each of the first, second, and third years of full time employment, which, after the three year period, totals 60 percent, followed by the cancellation of 25 percent of the principal and interest upon completion of the fourth year of full-time employment as a faculty member in an accredited school of nursing. Repayment on the remaining 15 percent of the loan balance is postponed during the cancellation period. NFLP loans accrue interest at a rate of three percent per annum (per statute Section 846A (c)(6)(A)) for loan recipients who establish employment as nurse faculty. |
| Link to Additional Information:: | |
| Grantor Contact Information:: | If you have difficulty accessing the full announcement electronically, please contact: |
Version History
| Version | Modification Description | Updated Date |
|---|---|---|
| Synopsis 2 | Dec 07, 2012 | |
| Synopsis 1 |
Package Status
Below are CLOSED Opportunity Package(s) no longer available for this Funding Opportunity:
Package No: 1
| Assistance Listings: | 93.264 |
| Competition ID: | 5459 |
| Competition Title: | Nurse Faculty Loan Program (NFLP) |
| Opportunity Package ID: | PKG00154151 |
| Opening Date: | Nov 30, 2012 |
| Closing Date: | Jan 10, 2013 |
| Agency Contact Information:: | Denise Thompson |
| Who Can Apply:: | Organization Applicants |
| mendatory_forms |
SF424 (R & R) [V1.2] Attachments [V1.1] Assurances for Non-Construction Programs (SF-424B – R & R) [V1.1] Project/Performance Site Location(s) [V1.4] |
| optional_forms | Disclosure of Lobbying Activities (SF-LLL) [V1.1] |
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Packages
| Assistance Listings | Competition ID | Competition Title | Opportunity Package ID | Opening Date | Closing Date | Actions | Who Can Apply: | |
|---|---|---|---|---|---|---|---|---|
| 93.264 | 5459 | Nurse Faculty Loan Program (NFLP) | PKG00154151 | Nov 30, 2012 | Jan 10, 2013 | View | Denise Thompson | Organization Applicants |
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