The Nurse Faculty Loan Program (NFLP) is a loan forgiveness program that prepares and trains qualified nurse educators to fill faculty vacancies and increase the number of trained nurses entering the workforce. Each year, the UMSL College of Nursing must apply for and receive NFLP funding.
Funding is limited and students are not guaranteed NFLP funding in any specific amount or for any number of years. Students must reapply for funding each year. Applications are Due September 1st.
Students awarded NFLP funding may cancel 85% of their loan in return for serving four years full-time as faculty in any accredited school of nursing.
NFLP recipients must obtain full-time employment as a nurse faculty member within 9 months of graduation. NFLP recipients who do not obtain full-time employment within 9 months are not eligible for the 85% cancellation. At that point the full loan must be repaid, and the interest will be at the prevailing market rate.
Upon completion of years 1, 2, and 3 as a full-time Nursing faculty, NFLP recipients will have 20% of their loan cancelled after each year.
After the fourth year 25% of the loan will be cancelled. NFLP recipients must work for four consecutive years as full-time nursing faculty to receive the 85% cancellation.
The remaining 15% of the loan that is not cancelled is paid back by the NFLP recipient over 10 years at an interest rate of 3%. However, NFLP borrowers may, at his or her option and without penalty, prepay all or any part of the loan at any time.
If awarded, the maximum amount of funding a student can receive is $40,000 per year and students can be funded for up to 4 years.
Student Eligibility
Students enrolled in the Nursing DNP and PhD programs are eligible to apply.
Student Qualifications
To qualify for an NFLP grant, students must meet the following criteria:
*Note that the application asks for information on the applicant’s race, ethnicity, veteran’s status, and background because the College of Nursing is required to report this information to the Health Resources and Services Administration (HRSA), which administers the NFLP program. The questions are not used to determine NFLP funding awards.
Contact
Senior Research Associate, Keri Jupka at 314-809-0624 or kjzvf@umsl.edu
Cara Doerr, Associate Dean of Student Affairs, at 314-516-7781 or ccdhdv@umsl.edu
The Bachelor of Science in Nursing (BSN), Doctor of Nursing Practice (DNP), and post-graduate APRN certificate programs at the University of Missouri-St. Louis are accredited by the Commission on Collegiate Nursing Education (CCNE), 655 K Street, NW, Suite 750, Washington, DC 20001, (202) 887-6791. The baccalaureate degree program is approved by the Missouri Board of Nursing; all programs are approved by the Higher Learning commission.
