Nurse Faculty Loan Program (NFLP)
As a Doctoral Nursing Student, you may qualify for this loan.
Barry University’s nursing program has received a $2.3 million grant to help address the national nursing faculty shortage.
The grant comes from the Nurse Faculty Loan Program (NFLP) - a federal government-sponsored loan program from the Health Resources and Services Administration created to address the nurse faculty shortage.
Each year, participants in the loan program can "borrow" up to $35,500 per year in exchange for the promise to teach four years upon graduation. Each of the four years of teaching cancels a percentage of the loan - in all, 85 percent of loan funds are cancelled, leaving these nurse faculty graduates with the repayment of only 15 percent of the total loan funds borrowed. Additional funds are secured annually as needed to support all interested students. An additional $1.7 million was added for the 2018-19 academic year.
Barry University has received funding for the past 10 years and since that time has produced 96 graduates who, in exchange for loans, teach for at least four years in a school of nursing. The funding can be requested yearly, and Barry continues to provide these scholarships to future nursing faculty.