Division of Nursing awarded $1 million for Nurse Faculty Loan Program
Jul 29, 2010
Barry University’s Division of Nursing awarded $1 million for Nurse Faculty Loan Program
Miami Shores, Fla. - The Health Resources and Services Administration (HRSA) of the U.S. Department of Health and Human Services awarded Barry University’s Division of Nursing $869,745 for nursing students. The grant required a match of $154,449 from Barry University, making it among the largest federally funded nursing grants given to the program.
The loan program is geared toward helping close the gap in the nation’s nursing shortage by allowing nurses wanting to continue their education and return to school to earn their master’s or doctoral degrees in nursing education.
A nurse accepted into the Nurse Faculty Loan Program can expect an 85 percent forgiveness policy, meaning only 15 percent of the loan would be paid back, if they begin teaching as a full-time faculty member at any college or university, including Barry, for five years after graduation.
Barry University will begin admitting post-baccalaureate students to its Doctor of Nursing Practice degree (DNP) program in the fall 2010 semester.
“Barry University’s Division of Nursing has been, is, and will continue to be, dedicated to producing nursing faculty for the state of Florida,” said College of Health Sciences Associate Dean and Division of Nursing Chair, Claudette Spalding, PhD, ARNP. “This loan program has, and will continue, to make the difference in the recruitment and production of nurses who will become the faculty needed by all of Florida’s nursing programs. Last year’s grant award, allowed 20 nurses to return to school for their PhD who would otherwise not have been able to.”