Applications are open! We’re accepting additional applications for the Nurse Faculty Loan Program (NFLP).
What is the NFLP?
The NFLP is a loan program for graduate students who plan to become faculty members, instructors or preceptors after graduation. Funds can be used for educational expenses, but not living expenses. Loans cannot exceed $50,000 per student per academic year.
Loan forgiveness
Unlike most loans, the NFLP forgives part of what you borrow if you enter nursing education.
- Up to 85% of your loan, including interest, can be forgiven if you work in an eligible full-time nurse faculty role after graduating. Twenty percent is forgiven after each of your first three years and 25% after your fourth year.
- The remaining balance has a 3% interest rate, beginning three months after graduation.
- Repayment lasts 10 years. It begins nine months after you finish your program, leave your program or stop full-time faculty employment.
- You have 12 months after graduation to find eligible employment.
Important: If you do not finish your degree or find eligible faculty employment within 12 months of graduating, your interest rate switches to the current market rate.
What counts as eligible employment?
Any of these paths qualify:
- Full-time faculty at an accredited school of nursing.
- Two part-time roles that add up to full time. This means a part-time faculty appointment at an accredited school of nursing plus another part-time faculty or clinical preceptor or educator role connected to an accredited school of nursing.
- A joint appointment as a full-time APRN preceptor within a formal academic-practice partnership. This option is for APRNs whose primary staff appointment is at a health care organization.
Who can apply?
To be considered, you must:
- Be a U.S. citizen, U.S. national or lawful permanent resident
- Be a matriculated graduate student
- Be enrolled at least half time, or 6 credits or equivalent
- Submit a complete FAFSA every year
- Not be in default on a federal loan
Good to know
- Applying does not guarantee an award. Selection is based on your demonstrated commitment and the amount of NFLP funding available this academic year.
- Funds cannot be applied retroactively.
- Applications are reviewed on a rolling basis until funding is exhausted.
- Continuing borrowers receive first priority, followed by doctoral students.
Ready to apply?
Apply for the Nurse Faculty Loan Program.
Questions or want to talk it through? Email sonscholarships@uw.edu.
