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Nurse Faculty Loan Program (NFLP)

Program Name:Nurse Faculty Loan Program Activity Code:E01 Application Available:11/30/2012
Application Deadline:1/10/2013 Created By:Koplitz, Michelle Created On:4/3/2012
Last Updated by:Wildberger, William Last Updated On:12/7/2012 Estimated Project Start Date:7/1/2013
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 Details of the changes posted in this announcement

Modification published on 12/07/2012
Modified on 12/7 to clarify that applicants must submit a blank page on the Attachments form or they will not be able to submit the Grants.gov application kit. As indicated in the funding opportunity announcement, the attachments will be submitted through HRSA's Electronic Handbooks.

 
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 Announcement Information

Announcement Number HRSA-13-189
Announcement Code NFLP
CFDA Number 93.264
Provisional No
Activity Code E01
Competitive Yes
Fiscal Year 2013
 
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 Purpose

This announcement solicits applications for the Nurse Faculty Loan Program (NFLP) to increase the number of qualified nursing faculty.  The NFLP provides funding to schools of nursing to support the establishment and operation of a distinct, interest-bearing NFLP loan fund.  Participating schools of nursing make loans from the fund to assist registered nurses in completing their graduate education to become qualified nurse faculty.  The program offers loan cancellation of up to 85 percent for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time.  Accredited schools of nursing are eligible to apply for funding.  Eligible schools must offer an advanced education nursing degree program(s) that will prepare the graduate student to teach. The United States Department of Health and Human Services (HHS), acting through the Health Resources and Services Administration (HRSA) is authorized to enter into an agreement with the school and make an award to the school in the form of a Federal Capital Contribution (FCC).  The school must use the FCC to establish a distinct account called the NFLP fund.  The school is required to deposit an Institutional Capital Contribution (ICC) that is equal to no less than one-ninth of the FCC.  Participating schools make NFLP loans from the loan fund to eligible graduate (master’s and doctoral) nursing students to complete the nursing education program.  Students may receive NFLP loans up to $35,500 per academic year for a maximum of five years to support the cost of tuition, fees, books, laboratory expenses and other reasonable education expenses.  A funding priority is applied for applicants if the school of nursing student loan supports doctoral nursing students.  Following graduation from the nursing program, the nursing school will cancel up to 85 percent of the loan principal and interest in exchange for the loan recipient’s service as a full-time nursing faculty at a school of nursing, with a certain percentage cancelled each year for up to four years.  The loan cancellation over the four-year period is as follows:  20 percent of the principal and interest may be canceled upon completion of each of the first, second, and third years of full time employment, which, after the three year period, totals 60 percent, followed by the cancellation of 25 percent of the principal and interest upon completion of the fourth year of full-time employment as a faculty member in an accredited school of nursing.  Repayment on the remaining 15 percent of the loan balance is postponed during the cancellation period.  NFLP loans accrue interest at a rate of three percent per annum (per statute Section 846A (c)(6)(A)) for loan recipients who establish employment as nurse faculty.
 
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 Legislative Information

Title VIII of the Public Health Service Act, Sections 846A (42 U.S.C. 297n-1), and 847 (42 U.S.C. 297o), as amended by the Patient Protection and Affordable Care Act, Public Law 111-148, Section 5311
 
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 Application Information

Application Available 11/30/2012
Application Deadline 01/10/2013
Supplemental Application Deadline 01/25/2013
Explanation for Deadline N/A
Archive Date 04/14/2013
Letter of Intent Not required
Application Package SF424 R&R Short Form
FOA Available Yes
Competitive Application Types Supported New
Allow Electronic Submission N/A
Page Limit for Application
Attachments
30
Allow Multiple Applications
from an Organization from Grants.gov
No
Electronic Submission Instruction Electronic submission is/will be available in Grants.Gov
 
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 General Information

Projected Award Date 07/01/2013
Estimated Project Period July 1, 2013 - June 30, 2014.
Estimated Project Start Date 07/01/2013
Estimated Project End Date 06/30/2014
Estimated Amount of this Competition $24,000,000.00
Estimated Number of Awards 110
Estimated Average Size of Awards $0.00
Cost Sharing Yes
Cooperative Agreement No
 
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 Contact Information

Name Denise Thompson
Email dthompson@hrsa.gov
Phone Number 3014431399
 
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 Download Information

Expand FOA (Guidance) Attachment (Minimum 0) (Maximum 1)
Document Name Size Date Attached Description
HRSA-13-189 Final v.2.pdf 567 kB 12/07/2012
Expand Application Package (Minimum 0) (Maximum 1)
No documents attached
Expand User Guide (Minimum 0) (Maximum 1)
No documents attached


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