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NURSE FACULTY LOAN PROGRAM NFLP

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Title: NURSE FACULTY LOAN PROGRAM NFLP


1
NURSE FACULTY LOAN PROGRAM (NFLP)
  • Technical Assistance Workshop
  • October 11-12, 2007 (Dallas, TX)
  • October 17-18, 2007 (Washington, DC)
  • Irene Sandvold, DrPH, CNM, FACNM
  • Denise Thompson
  • U.S. Department of Health and Human Services
  • Health Resources and Services Administration
  • Bureau of Health Professions
  • Division of Nursing

2
Nurse Faculty Loan ProgramPurpose
  • The Nurse Faculty Loan Program (NFLP) is
  • authorized under
  • Title VIII, Section 846A of the Public Health
    Service
  • Act, as amended by the Nurse Reinvestment Act of
  • 2002 to increase the number of qualified nursing
  • faculty.

3
Nurse Faculty Loan ProgramStrategic Goals
  • Promote recruitment of nursing students to become
    nurse faculty
  • Provide financial support for students enrolled
    in an advanced education nursing program to
    prepare qualified nurse faculty
  • Retain loan recipients as nurse faculty by
    providing loan cancellation over a consecutive
    four-year period

4
Nurse Faculty Loan Program Eligibility
  • Collegiate schools of nursing or another entity
    within the college/university that offers
    advanced degree nursing program can apply for
    NFLP funds.
  • Schools must offer an advanced education nursing
    degree program(s) that is fully accredited and
    prepares qualified nurse faculty.
  • Schools must be located in the U.S., District of
    Columbia, or U.S. territories.

5
Accreditation
  • A collegiate school of nursing must be accredited
    by a body recognized by the Secretary of
    Education, i.e.
  • National League for Nursing Accreditation
    Commission (NLNAC) or
  • Commission on Collegiate Nursing Education
    (CCNE).
  • Both institutional and graduate nursing program
    accreditation are required before the application
    can be considered for funding.

6
Accreditation of New Programs
  • New programs that are not yet accredited must
    provide documentation from the Department of
    Education that indicates reasonable assurance
    that the program will meet the accreditation
    standards of NLNAC or CCNE prior to the beginning
    of the academic year following the normal
    graduation date of students of the first entering
    class.

7
Accreditation of New Programs
  • Documentation of the assurance from the
    Department of Education must be submitted at time
    of application.
  • New Programs should contact the Department of
    Education, Accreditation and State Liaison Unit
    at (202) 219-7011 and follow instructions in
    application guidance.

8
Approvals
  • New programs must identify all steps in the
    approval process and provide documentation of
    approval, i.e. letter or meeting minutes from
  • Nursing Faculty Committee
  • Institutional Committees/Boards
  • State bodies (State Boards of Nursing, Higher
    Education Boards)
  • National Professional Associations (CCNE, NLNAC)
  • Schools must submit documentation of all
    approvals with the application.

9
Nurse Faculty Loan Program Establishment
  • HHS enters into an agreement with a school of
    nursing and makes an award, the Federal Capital
    Contribution (FCC), to establish and operate a
    distinct account for the NFLP fund.
  • The school must contribute an Institutional
    Capital Contribution (ICC) amount equal to at
    least 1/9 of the FCC award. The ICC must be
    deposited and used as part of the NFLP fund.

10
Nurse Faculty Loan Program Establishment (cont.)
  • The NFLP fund may only be used for the deposit
  • of the FCC and ICC
  • to make loans to students enrolled full-time in a
    masters or doctoral nursing degree program with
    an education component that will prepare them to
    teach
  • for the deposit of collections of principal
    interest on loans made from the NFLP fund and
  • for the cost of collection of NFLP loans.

11
Nurse Faculty Loan Program Beneficiary
Eligibility
  • Student Eligibility
  • U.S. Citizenship or Permanent Resident
  • Full-time Enrollment in the eligible nursing
    program
  • Good Academic Standing
  • Not in Default on Other Federal Loans

12
Nurse Faculty Loan Program Beneficiary
Eligibility
  • Other Requirements
  • NFLP loan recipients must enroll for a minimum of
    two consecutive terms/semesters during the
    academic year.
  • NFLP loan recipients must complete the specified
    education component to prepare qualified nurse
    faculty prior to graduating from the nursing
    program.

13
Nurse Faculty Loan Program Provisions
  • Students may borrow a maximum of 30,000/year for
    no more than 5 years of support.
  • NFLP loans may be used to cover full/partial
    tuition, the costs of fees, books and other
    reasonable education expenses. Personal living
    expenses or stipends are not supported.
  • NOTE NFLP is not a need-based program.

14
Nurse Faculty Loan Program Provisions
  • Following completion of the program, NFLP loan
    recipients may cancel up to 85 of the NFLP loan
    over a consecutive four-year period when they
    serve as full-time faculty at a school of
    nursing.
  • NFLP loan recipients receive cancellation of the
    loan principal and interest
  • 20 cancellation upon completion of each 1st ,
    2nd and 3rd year of employment as full-time
    faculty and
  • 25 cancellation upon completion of the 4th year
    of employment as full-time faculty.

15
Nurse Faculty Loan Program Interest Rate
  • NFLP loans bear interest on the unpaid balance at
  • a rate of 3 per year
  • beginning three months after completion of the
    program
  • NFLP loans bear interest on the unpaid balance at
  • the prevailing market rate over the period of the
  • loan
  • beginning three months after the borrower drops
    from the program

16
Nurse Faculty Loan Program Interest Rate
  • NFLP loans bear interest on the unpaid balance at
  • the prevailing market rate over the period of the
  • loan
  • if, following graduation from the program, the
    borrower does not establish employment following
    the 9 month grace period or
  • when the borrower ceases to be employed as
    full-time faculty at a school of nursing within
    the 4-year NFLP loan cancellation period allowed.

17
Nurse Faculty Loan Program Administration
  • The school of nursing is the eligible applicant
    therefore the school of nursing must submit the
    NFLP application.
  • The financial aid office generally administers
    the NFLP fund and conducts activities, i.e.
  • Issuing the Promissory Note
  • Loan Disbursement
  • Employment Verification
  • Loan Cancellation
  • Establishing Repayment Schedules

18
Nurse Faculty Loan Program Administration
  • The NFLP Annual Operating Report (AOR) is used to
    monitor and evaluate institutional performance.
  • Schools must complete and submit the AOR
    annually. The AOR is used to report expenditures
    for the NFLP fund annually and covers the period
    from July 1 through June 30 each year.

19
Nurse Faculty Loan ProgramFrequently Asked
Questions Answers
  • Method for determining the FCC Request?
  • Schools determine the FCC request by calculating
    the
  • tuition/fee schedule for eligible programs
    multiplied by the
  • number of continuing NFLP students and new
    students
  • expected to request NFLP support.
  • Maximum amount of FCC Request?
  • Schools may request the amount needed to support
    the total
  • number of student expected to request NFLP
    support.

20
Nurse Faculty Loan ProgramFrequently Asked
Questions Answers
  • Does the school apply annually or for a period
    of support?
  • Schools must apply each year for additional NFLP
    funds.
  • How does the school describe the education
    component?
  • Schools should identify the title of the
    program(s) and describe
  • the education component that addresses the
    preparation of
  • qualified nurse faculty.

21
Nurse Faculty Loan ProgramFrequently Asked
Questions Answers (cont.)
  • Does the NFLP support part-time students?
  • No. The NFLP provides support for advanced
    education nursing
  • students enrolled full-time.
  • Does the NFLP provide support for existing nurse
    faculty?
  • Yes. Existing nurse faculty who require
    additional nursing
  • education to advance or retain their nurse
    faculty position must
  • enroll full-time in an eligible nursing education
    program
  • and
  • complete the specified education component.

22
Nurse Faculty Loan ProgramContact Information
Technical assistance is available from the
Division of Nursing staff at (301) 443-6333 or by
e-mail at Denise Thompson dthompson_at_hrsa.gov
Nancy Douglas-Kersellius ndouglas_at_hrsa.gov Irene
Sandvold isandvold_at_hrsa.gov
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