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ARRA - Nurse Faculty Loan Program

Squirrel started this conversation

This federal aid program is managed by:

Health Resources and Services Administration, Department of Health and Human Services

Objectives:

The purpose of the Nurse Faculty Loan Program as supported through the American Recovery and Reinvestment Act (ARRA) is to increase the number of qualified nursing faculty and direct resources to address health professions workforce shortages. The ARRA augments the regularly appropriated NFLP funding level for the purpose of directing emergency resources to increase the number of qualified nursing faculty. These funds are dedicated to strengthening the nurse educator workforce in order to (1) meet the demand for nurse faculty and (2) remove a major barrier to accepting as many as qualified nursing students as possible thus helping to alleviate the Nation’s nursing shortage. Schools of Nursing that receive ARRA-NFLP funds must use funds to provide loans to students enrolled in eligible advanced degree nursing programs (master’s or doctoral) with an education component(s) that will prepare the student to teach. NFLP loan recipients complete the education program, and following graduation, may cancel up to 85% of the NFLP loan while serving as full-time nurse faculty at an accredited school of nursing.

Funding obligations:

(Project Grants) FY 09 $5,328,340; FY 10 est $6,611,660; FY 11 est $0 - FY 2009: Range is $6,495 to $451,792; Average is $81,974.

Uses and Use Restrictions:

The school must establish an ARRA-NFLP fund to be used only for making NFLP loans to eligible students and for the costs associated with collection of these loans. Institutions may award a maximum loan amount of $35,500 per student for an academic year to support the cost of tuition, fees, books, and other reasonable education expenses. Upon completion of the program, an amount up to 85 percent of the loan may be cancelled by the institution as follows: upon completion of the first, second, and third year of full-time faculty employment in an accredited school of nursing, 20 percent of the principal and interest of the unpaid loan shall be cancelled for each year; upon completion of the fourth year of full-time employment as faculty in an accredited school of nursing, 25 percent of the principal and interest of the unpaid loan shall be cancelled for the fourth year. ARRA-NFLP funds must be kept separate from regularly appropriated NFLP funds and should not be commingled for tracking and reporting purposes. No one student may receive both ARRA-NFLP funds and regularly appropriated l NFLP funds in the same budget/project period.

Examples of Funded Projects:

Fiscal Year 2010: No Current Data Available Fiscal Year 2011: No Current Data Available Fiscal Year 2012: No Current Data Available

Program Accomplishments:

Fiscal Year 2010: No Current Data Available Fiscal Year 2011: Not available. Fiscal Year 2012: No Current Data Available

Types of Assistance:

Project Grants

Range and Average of Financial Assistance:

No Data Available.

Length and Time Phasing of Assistance:

Project periods are for 1 year. See the following for information on how assistance is awarded/released: Grantee drawdown funds, as necessary, from the Payment Management System (PMS). PMS is the centralized web based payment system for HHS awards.

Applicant Eligibility:

Eligible applicants include all accredited public, non-profit and private or for-profit schools of nursing that offer an advanced degree nursing education program (master’s or doctoral) to prepare advanced degree nursing students to serve as faculty. In addition, the school must be located in a State in the United States, the District of Columbia, the Commonwealth of Puerto Rico, the Northern Mariana Islands, the Virgin Islands, Guam, American Samoa or the Trust Territory of the Pacific.

Beneficiary Eligibility:

Eligible nursing students must: (1) be a citizen or national of the United States, or a lawful permanent resident of the United States, the Commonwealths of Puerto Rico, the Northern Mariana Islands, the Virgin Islands, Guam, American Samoa or the Trust Territory of the Pacific Islands; (2) be enrolled in an advanced degree program in nursing to become qualified nursing faculty; and (3) not be in default on a Federal debt; and (4) maintain good academic standing.

Award Procedure:

Notification is made in writing by a Notice of Award.

Contact Info for Headquarters Office:

Nicolette Solan-Pegler, 5600 Fishers Lane, Room 9B-45, Rockville, Maryland 20857 Phone: (301) 443-5729.

Website Address:

http://www.hrsa.gov/

Related Programs:

 

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