Opportunity Information: Apply for HRSA 12 064
Apply for HRSA 12 064
- The Health Resources and Services Administration in the health sector is offering a public funding opportunity titled "Nurse Faculty Loan Program (NFLP)" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 93.264 Nurse Faculty Loan Program (NFLP).
- This funding opportunity was created on Mar 7, 2012 and posted on Mar 7, 2012.
- Applicants must submit their applications by Apr 20, 2012. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The funding agency has allocated a total of $24,000,000.00 to eligible and selected applicants.
- The number of recipients for this funding is limited to 125 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
- Eligible applicants are accredited collegiate 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 requirements, as described in the FOA, apply to new and previous recipients.
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Opportunity Summary:
The Nurse Faculty Loan Program (NFLP) is a Health Resources and Services Administration (HRSA) discretionary grant opportunity designed to address the national shortage of nursing faculty by helping schools of nursing finance graduate education for registered nurses who plan to become full-time educators. Instead of providing money directly to individual students, HRSA awards funds to eligible academic institutions so they can create and run a dedicated, interest-bearing loan fund. Schools then use that fund to make loans to graduate nursing students (master's and doctoral level) who are preparing for faculty careers, with a strong incentive structure built around partial loan cancellation for graduates who go on to teach.
Under this program, the U.S. Department of Health and Human Services (HHS), through HRSA, provides participating schools with a Federal Capital Contribution (FCC). The school must place the FCC into a separate, distinct account known as the NFLP fund, and that account is restricted to program purposes: making NFLP loans to qualified graduate nursing students, covering reasonable loan collection costs, and handling interest associated with the loans. The school is also required to contribute its own Institutional Capital Contribution (ICC) of at least one-ninth of the federal amount, meaning there is a cost-sharing requirement and schools must put institutional funds into the loan pool alongside the federal contribution.
Students supported through NFLP can borrow up to $35,500 per academic year for a maximum of five years. Loan funds can be used for typical education-related costs such as tuition, fees, books, laboratory expenses, and other reasonable expenses tied to completing the graduate nursing program. The Affordable Care Act (Public Law 111-148) updated the statutory authority (Title VIII, section 846A) to raise the annual loan limit from $30,000 to $35,500, with adjustments after FY 2011 intended to reflect increases in the cost of attendance for both the annual and aggregate loan amounts. The program also notes a statutory funding priority added in section 847(f) for certain Title VIII activities, emphasizing support for loans that help doctoral nursing students, which signals a particular interest in building the pipeline of faculty with terminal degrees.
A defining feature of NFLP is its loan forgiveness (cancellation) structure tied to service as full-time nurse faculty after graduation. If a borrower graduates and then works full time as nursing faculty at an accredited school of nursing, the school can cancel up to 85 percent of the loan principal and interest over a four-year period. The cancellation schedule is set as 20 percent canceled after each of the first, second, and third years of qualifying full-time faculty employment (totaling 60 percent after three years), followed by 25 percent canceled after the fourth year, bringing total cancellation to 85 percent. During this four-year cancellation window, repayment on the remaining 15 percent is postponed. This design effectively rewards sustained, full-time teaching service and helps schools recruit and retain faculty by reducing the financial burden for graduates who commit to academic careers.
For borrowers who do not complete the full cancellation service, the loan functions as a repayable loan under program terms. The overall repayment and/or cancellation occurs within a ten-year repayment period, which begins nine months after the individual stops pursuing their course of study at the school of nursing. The loans accrue interest at a rate of 3 percent per year for loan recipients who establish employment as nurse faculty, reflecting the program's intent to keep financing relatively affordable while still maintaining an interest-bearing fund structure.
Eligibility to apply is limited to accredited collegiate schools of nursing (or eligible departments within an institution, such as a graduate school unit) that offer advanced nursing education programs resulting in a graduate degree in nursing and that prepare graduates to teach. The funding opportunity applies to both new applicants and previous recipients, indicating ongoing participation is possible as long as eligibility and program requirements are met. The 2012 opportunity (Funding Opportunity Number HRSA-12-064) anticipated about 125 awards with an estimated total funding level of $24,000,000, listed under CFDA 93.264 (Nurse Faculty Loan Program). The opportunity was posted March 7, 2012, with an application closing date of April 20, 2012, and was later archived on June 19, 2012.
In practical terms, NFLP is best understood as a revolving, school-managed loan fund seeded by federal dollars and matched by institutional funds, where the payback to the public comes through a larger, better-prepared nursing faculty workforce. Schools gain a structured mechanism to financially support graduate students who are likely to enter teaching, and students gain access to substantial graduate financing with a clear pathway to significant loan cancellation in exchange for four years of full-time faculty service.
Nurse Faculty Loan Program (NFLP) FAQs
What is the Nurse Faculty Loan Program (NFLP)?
The Nurse Faculty Loan Program (NFLP) is a Health Resources and Services Administration (HRSA) discretionary grant opportunity intended to help address the national shortage of nursing faculty. It supports graduate education for registered nurses who plan to become full-time nurse educators by funding a school-run, interest-bearing loan fund that makes loans to eligible graduate nursing students.
Who is the federal agency behind this opportunity?
The program is administered by the U.S. Department of Health and Human Services (HHS) through HRSA.
Does the NFLP provide money directly to individual students?
No. HRSA awards funds to eligible academic institutions (schools of nursing). Those schools then use a dedicated NFLP loan fund to make loans to qualified graduate nursing students.
Who can apply for NFLP funding (as an applicant organization)?
Eligibility to apply is limited to accredited collegiate schools of nursing (or eligible departments/units within an institution, such as a graduate school unit) that offer advanced nursing education programs resulting in a graduate degree in nursing and that prepare graduates to teach.
Is the opportunity only for new applicants, or can prior recipients apply too?
The funding opportunity applies to both new applicants and previous recipients, meaning ongoing participation is possible as long as eligibility and program requirements continue to be met.
What do schools receive from HRSA under the NFLP?
Participating schools receive a Federal Capital Contribution (FCC). The school must place the FCC into a separate, distinct account known as the NFLP fund.
What is the NFLP fund account, and what can it be used for?
The NFLP fund is a restricted, distinct account used only for program purposes. Based on the information provided, allowable uses include:
- Making NFLP loans to qualified graduate nursing students
- Covering reasonable loan collection costs
- Handling interest associated with the loans
Is there a cost-sharing or matching requirement for schools?
Yes. Schools are required to contribute an Institutional Capital Contribution (ICC) of at least one-ninth of the federal amount. This means the school must add institutional funds into the loan pool alongside the federal contribution.
Who can receive loans from a school’s NFLP fund?
Schools use the NFLP fund to make loans to graduate nursing students at the master’s and doctoral levels who are preparing for faculty careers.
How much can a student borrow per year through NFLP?
Students supported through NFLP can borrow up to $35,500 per academic year.
How long can a student borrow under NFLP?
The program information provided states students can borrow for a maximum of five years.
What kinds of expenses can NFLP loan funds be used for?
Loan funds can be used for typical education-related costs such as tuition, fees, books, laboratory expenses, and other reasonable expenses tied to completing the graduate nursing program.
What law updated the NFLP loan limits?
The Affordable Care Act (Public Law 111-148) updated the statutory authority (Title VIII, section 846A) to raise the annual loan limit from $30,000 to $35,500.
Does the program indicate any special priority for certain types of students or training?
Yes. The program notes a statutory funding priority added in section 847(f) for certain Title VIII activities, emphasizing support for loans that help doctoral nursing students. This signals particular interest in strengthening the pipeline of nurse faculty with terminal degrees.
What is the loan cancellation (forgiveness) benefit in the NFLP?
A defining feature of NFLP is partial loan cancellation tied to service as full-time nurse faculty after graduation. If a borrower graduates and then works full time as nursing faculty at an accredited school of nursing, the school can cancel up to 85% of the loan principal and interest over a four-year period.
How does the 4-year loan cancellation schedule work?
The cancellation schedule described is:
- 20% canceled after the 1st year of qualifying full-time faculty employment
- 20% canceled after the 2nd year
- 20% canceled after the 3rd year (60% total after three years)
- 25% canceled after the 4th year (85% total after four years)
What happens to repayment during the 4-year cancellation window?
During the four-year cancellation window, repayment on the remaining 15% is postponed.
Where must a borrower work to qualify for cancellation?
To qualify for cancellation as described, the borrower must work full time as nursing faculty at an accredited school of nursing after graduation.
What if a borrower does not complete the full service required for maximum cancellation?
If the borrower does not complete the full cancellation service, the loan functions as a repayable loan under program terms.
When does the repayment period begin?
The overall repayment and/or cancellation occurs within a ten-year repayment period, which begins nine months after the individual stops pursuing their course of study at the school of nursing.
What interest rate applies to NFLP loans for recipients who become nurse faculty?
The loans accrue interest at a rate of 3% per year for loan recipients who establish employment as nurse faculty.
What is the overall purpose of structuring NFLP as an interest-bearing, revolving fund?
Based on the description provided, the program is designed as a revolving, school-managed loan fund seeded by federal dollars and matched by institutional funds. The intended public benefit is a larger and better-prepared nursing faculty workforce, while schools gain a mechanism to finance graduate students likely to enter teaching and students gain access to financing with a pathway to substantial cancellation through faculty service.
What is the CFDA number associated with this opportunity?
The opportunity is listed under CFDA 93.264 (Nurse Faculty Loan Program).
What was the Funding Opportunity Number for the 2012 NFLP posting described?
The 2012 opportunity referenced is Funding Opportunity Number HRSA-12-064.
How many awards and how much total funding were anticipated in the 2012 opportunity?
The 2012 opportunity anticipated about 125 awards with an estimated total funding level of $24,000,000.
When was the 2012 opportunity posted and when did it close?
The posting date was March 7, 2012, and the application closing date was April 20, 2012.
Is the 2012 opportunity still active?
No. The information provided states the 2012 opportunity was archived on June 19, 2012.
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