Opportunity Information: Apply for HRSA 24 015
The Nurse Faculty Loan Program (NFLP) is a discretionary grant opportunity from the Health Resources and Services Administration (HRSA) designed to help address the nationwide shortage of nursing faculty. The central goal is to grow a stronger, more geographically distributed nurse educator workforce so that schools of nursing can expand enrollment and graduate more nurses to meet U.S. health care needs. Rather than funding general training directly, the program supports organizations in setting up and running a dedicated student loan program that offers low-interest loans to students pursuing advanced nursing education specifically aimed at becoming faculty.
Under NFLP, the funded organization (typically a school of nursing) establishes and operates a revolving loan fund. That includes putting the required financial and administrative systems in place, making loans to eligible students enrolled in advanced education nursing degree programs, keeping the loan fund properly maintained, and ensuring ongoing compliance with all program rules. In practical terms, awardees are responsible for the full lifecycle of the loan program: awarding loans, tracking borrowers, monitoring academic and program eligibility, managing repayment terms when applicable, documenting employment that qualifies for cancellation, and maintaining records that demonstrate compliance with federal requirements.
A key feature of the program is loan cancellation tied to service as nursing faculty after graduation. Graduates who complete up to four years of full-time employment as nurse faculty at an accredited school of nursing can receive cancellation of up to 85 percent of the original loan amount, plus the interest on that amount, as authorized by the program. This creates a clear incentive structure: students get access to affordable financing while in school, and then can significantly reduce their debt by committing to teach and train the next generation of nurses. The program also explicitly recognizes that clinical education capacity is a major bottleneck for nursing schools, so it includes a provision that Advance Practice Registered Nurses (APRNs) serving as full-time preceptors within an academic-practice partnership framework may be treated as faculty for NFLP purposes. That helps expand high-quality clinical training opportunities while still aligning with the program's broader aim of strengthening nursing education infrastructure.
Eligibility is limited to organizations, not individuals. Applicants must be located in the United States, the District of Columbia, or a U.S. territory. Eligible applicants include domestic accredited schools of nursing that offer advanced education nursing programs, as well as certain domestic community-based organizations, tribes, or tribal organizations if they otherwise meet program requirements. If the application involves affiliated schools of nursing, each affiliated program must be accredited at the time of application and must maintain accreditation for the entire period of the award. Accreditation must be granted by a recognized accrediting body (or a state agency) approved by the Secretary of Education for nurse education accreditation, and applicants must submit official documentation of accreditation as Attachment 1 for all affiliated nursing programs.
The opportunity is listed as HRSA-24-015 (CFDA 93.264) and is offered as a grant under the Health funding activity category. HRSA anticipated making about 90 awards for this cycle. The original application deadline was February 12, 2024, and the funding opportunity was created on November 7, 2023. The notice lists an award ceiling of 0, which typically signals that applicants should rely on the full funding announcement for the detailed funding formula or limits rather than expecting a single fixed maximum award amount stated in the summary.Apply for HRSA 24 015
- The Health Resources and Services Administration in the health sector is offering a public funding opportunity titled "Nurse Faculty Loan Program (NFLP)" 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 2023-11-07.
- Applicants must submit their applications by 2024-02-12. (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 90 candidate(s).
- Eligible applicants include: Public and State controlled institutions of higher education, Native American tribal governments (Federally recognized), Native American tribal organizations (other than Federally recognized tribal governments), Nonprofits having a 501 (c) (3) status with the IRS, other than institutions of higher education, Nonprofits that do not have a 501 (c) (3) status with the IRS, other than institutions of higher education, Private institutions of higher education, Others.
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Nurse Faculty Loan Program (NFLP) - FAQs
What is the Nurse Faculty Loan Program (NFLP)?
The Nurse Faculty Loan Program (NFLP) is a discretionary grant opportunity from the Health Resources and Services Administration (HRSA). Its purpose is to help address the nationwide shortage of nursing faculty by supporting organizations in establishing and operating a dedicated student loan program for advanced nursing students preparing to become nurse educators.
What problem is NFLP designed to address?
NFLP is designed to help reduce the national shortage of nursing faculty. By strengthening and expanding the nurse educator workforce across more geographic areas, the program aims to help schools of nursing increase enrollment capacity and graduate more nurses to meet U.S. health care needs.
Does NFLP provide direct funding to individual students?
No. Eligibility is limited to organizations, not individuals. NFLP provides grant funding to organizations (often schools of nursing) so they can set up and run a loan program that offers low-interest loans to eligible students.
What does NFLP fund, in practical terms?
Rather than funding general training directly, NFLP supports awardees in creating and administering a revolving loan fund. This includes setting up required financial and administrative systems, making loans to eligible students, maintaining the loan fund, and ensuring compliance with program rules.
What is a revolving loan fund under NFLP?
Under NFLP, the funded organization establishes and operates a revolving loan fund to make low-interest loans to eligible students. The organization is responsible for maintaining the fund and administering the loan program over time in accordance with federal requirements.
What responsibilities does an NFLP awardee have?
Awardees are responsible for the full lifecycle of the loan program, including awarding loans, tracking borrowers, monitoring academic and program eligibility, managing repayment terms when applicable, documenting employment that qualifies for cancellation, maintaining required records, and demonstrating ongoing compliance with federal program rules.
Who can apply for the NFLP grant?
Eligible applicants are organizations located in the United States, the District of Columbia, or a U.S. territory. Eligible applicant types include domestic accredited schools of nursing that offer advanced education nursing programs, as well as certain domestic community-based organizations, tribes, or tribal organizations if they meet program requirements.
Can individuals apply for NFLP?
No. The program limits eligibility to organizations only, not individual applicants.
Do applicants need to be U.S.-based?
Yes. Applicants must be located in the United States, the District of Columbia, or a U.S. territory.
What nursing programs are supported by the NFLP loan fund?
The loan fund supports students enrolled in advanced education nursing degree programs specifically aimed at becoming nursing faculty.
How does loan cancellation work under NFLP?
NFLP includes a loan cancellation feature tied to service as nursing faculty after graduation. Graduates who complete up to four years of full-time employment as nurse faculty at an accredited school of nursing may receive cancellation of up to 85 percent of the original loan amount, plus the interest on that amount, as authorized by the program.
How much of a borrower’s loan can be canceled?
Up to 85 percent of the original loan amount can be canceled, plus the interest on that amount, for qualifying service as authorized by the program.
How long must a graduate work as nurse faculty to qualify for cancellation?
The program describes cancellation for graduates who complete up to four years of full-time employment as nurse faculty at an accredited school of nursing.
Where must qualifying faculty employment take place?
Qualifying employment must be as nurse faculty at an accredited school of nursing, as described in the opportunity summary.
Does the program recognize preceptors as faculty for cancellation purposes?
The program includes a provision that Advance Practice Registered Nurses (APRNs) serving as full-time preceptors within an academic-practice partnership framework may be treated as faculty for NFLP purposes. This is intended to help expand clinical education capacity while supporting the broader goal of strengthening nursing education infrastructure.
Why does NFLP include a provision for APRN preceptors?
The opportunity notes that clinical education capacity can be a major bottleneck for nursing schools. By allowing APRNs serving as full-time preceptors in an academic-practice partnership framework to be treated as faculty for NFLP purposes, the program supports expanded clinical training opportunities aligned with nursing education needs.
What are the accreditation requirements for schools of nursing?
Eligible schools of nursing must be accredited. If an application involves affiliated schools of nursing, each affiliated program must be accredited at the time of application and must maintain accreditation for the entire award period.
Who must accredit the nursing programs?
Accreditation must be granted by a recognized accrediting body (or a state agency) approved by the Secretary of Education for nurse education accreditation.
What documentation of accreditation is required with the application?
Applicants must submit official documentation of accreditation as Attachment 1 for all affiliated nursing programs.
What is the funding opportunity number and CFDA listing for this program?
The opportunity is listed as HRSA-24-015 and is associated with CFDA 93.264.
What type of funding mechanism is NFLP?
NFLP is offered as a grant and is listed under the Health funding activity category.
How many awards did HRSA anticipate making for this cycle?
HRSA anticipated making about 90 awards for this cycle.
When was this funding opportunity created?
The funding opportunity was created on November 7, 2023.
What was the application deadline listed for this opportunity?
The original application deadline was February 12, 2024.
Is there a maximum award amount (award ceiling) stated in the summary?
The notice lists an award ceiling of 0. This typically indicates applicants should refer to the full funding announcement for details on the funding formula, limits, or how award amounts are determined, rather than expecting a single fixed maximum stated in the summary.
What does an award ceiling of 0 mean in this listing?
In this listing, an award ceiling of 0 generally signals that the summary does not provide a single fixed maximum award amount. Instead, applicants are expected to rely on the full funding announcement for the detailed funding formula or any applicable limits.
What is the main incentive structure for students supported through NFLP loans?
Students can access low-interest financing while pursuing advanced nursing education aimed at becoming faculty, and then potentially reduce their debt significantly through loan cancellation by committing to qualifying full-time nurse faculty service after graduation.
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