Opportunity Information: Apply for HRSA 23 006
The Nurse Faculty Loan Program (NFLP) is a federal grant program run by the Health Resources and Services Administration (HRSA) within the US Department of Health and Human Services. Its main purpose is to address the nationwide shortage of nursing faculty by helping schools of nursing finance low-interest loans for students pursuing advanced nursing education with the intent to become faculty members. The underlying idea is straightforward: if more nurses can afford graduate and doctoral education and then move into teaching roles, nursing schools can expand enrollment and produce more nurses overall, which supports the broader health care workforce.
Under this opportunity, the entities that apply for funding are not individual students. Instead, awards go to eligible institutions (generally schools of nursing or similar organizations specified by HRSA guidance) that agree to set up and operate an NFLP student loan fund. Successful applicants are responsible for creating and maintaining a distinct loan fund account, putting proper fiscal controls in place, and managing the program end-to-end. That includes disbursing loans to students enrolled in accredited or approved advanced nursing degree programs (with an emphasis on preparing nurse educators and a particular focus on doctorate preparation), tracking borrowers after graduation, and ensuring all program rules are followed. In practice, the funded school becomes the administrator of a revolving loan program: it lends to eligible students, collects repayments when required, applies loan cancellations when graduates meet service requirements, and reports accurate financial and program data to demonstrate compliance and results.
The key incentive that makes NFLP attractive to students is the loan cancellation benefit tied to faculty service. Graduates can receive cancellation of up to 85 percent of the original loan amount plus interest if they complete up to four years of full-time employment as nurse faculty in an accredited school of nursing after graduation. The cancellation is structured to reward continued service over time: 20 percent of the original principal (and the interest on the unpaid balance) can be canceled after each of the first, second, and third years of full-time faculty employment, and 25 percent (plus associated interest on the remaining unpaid balance) can be canceled after the fourth year. This structure is intended to reduce the financial downside of choosing academic employment, which often pays less than many clinical roles, and to encourage retention in faculty positions long enough to make a real impact on student capacity.
Beyond increasing the number of instructors, the program also aims to expand clinical training capacity. NFLP explicitly encourages the use of Advanced Practice Registered Nurses (APRNs) in roles such as full-time preceptors within academic-practice partnerships. This reflects a practical bottleneck in nursing education: even when schools have classroom faculty, programs can be limited by the availability of quality clinical placements and qualified preceptors. By promoting joint faculty or designated preceptor models, the program seeks to open more clinical training opportunities for nursing students and strengthen ties between academic programs and health care delivery sites.
In summary, the NFLP is designed to expand the nation’s ability to educate nurses by building a larger, well-prepared, geographically distributed nurse faculty workforce, lowering financial barriers for graduates who choose faculty careers through substantial loan cancellation, and supporting stronger clinical training pipelines through academic-practice partnerships and APRN precepting. The specific opportunity referenced is HRSA Funding Opportunity Number HRSA-23-006 (CFDA 93.264), categorized as a discretionary grant in the health area, with an expected 80 awards and an original closing date of May 1, 2023.Apply for HRSA 23 006
- The Department of Health and Human Services, Health Resources and Services Administration in the health sector is offering a public funding opportunity titled "Nurse Faculty Loan Program" and is now available to receive applicants.
- Interested and eligible applicants and submit their applications by referencing the CFDA number(s): 93.264.
- This funding opportunity was created on Feb 28, 2023.
- Applicants must submit their applications by May 01, 2023. (Agency may still review applications by suitable applicants for the remaining/unused allocated funding in 2026.)
- The number of recipients for this funding is limited to 80 candidate(s).
- Eligible applicants include: Others (see text field entitled Additional Information on Eligibility for clarification).
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