The federally funded Nursing Faculty Loan Program (NFLP) can make graduate school more affordable for students planning to become full-time teaching nursing faculty. Graduates with NFLP loans who accept and maintain a full-time faculty position at any U.S. accredited school of nursing could have up to 85% of their loan forgiven.
The NFLP is designed to increase the number of qualified nursing faculty needed to address the current U.S. nursing workforce shortage. The program provides funding through the U.S. Department of Health and Human Services to schools of nursing, including the Michigan State University College of Nursing, to support the establishment and operation of an NFLP loan fund.
Qualified students may be enrolled full or part-time in advanced degree nursing programs. The NFLP offers partial loan forgiveness for borrowers who graduate and serve as full-time nursing faculty at an accredited school of nursing within nine months of graduation.
| Year Teaching | Amount Forgiven | Remaining Balance |
|---|---|---|
| 1 | 20% | 80% |
| 2 | 20% | 60% |
| 3 | 20% | 40% |
| 4 | 25% | 15% |
Recipients can receive financial awards for the academic year to offset a portion of the cost of tuition, books, fees, room and board, transportation, and other reasonable educational expenses as determined by the Michigan State University College of Nursing. Awards may be renewable for a maximum of five years and may not exceed $35,500 per student, per year. This program is contingent upon ongoing federal funding and therefore subject to change.
U.S. citizen, national, or lawful permanent resident.
Committed to a full-time faculty position in any U.S. accredited school of nursing.
Good academic standing with a 3.0 cumulative GPA.
Enrolled at least half-time (4-6 credits/semester) in a qualifying Michigan State University College of Nursing program.
Complete the Graduate Certificate in Nursing Education.
Submit a completed FAFSA.
No judgment liens based on default of Federal debt.
Allow Michigan State University to check Federal Student Aid records and the General Service Administration's Excluded Party List.
