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.

  • 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.
Apply for HRSA 24 015

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