In 2018, Clarkson College was awarded over $400,000 in funding, the largest received by a nursing institution in Nebraska, to assist nurses in graduate and doctoral programs who are interested in pursuing an education component as part of their advanced nursing career.
For those eligible to earn the Nurse Faculty Loan Program (NFLP) loan, the College will cancel up to 85 percent of the principal and interest of the loan over a consecutive four-year period following completion of the program. The loan forgiveness applies to students intending to enter a nurse faculty role as an academic educator or those in a clinical educator/preceptor position.
NFLP for Nurse Educators
* The purpose of NFLP is to encourage nurses to pursue educational and faculty roles, increase the number of qualified full-time nursing faculty and address the nursing faculty shortage. NFLP is funded by the Health Resources and Services Administration (HRSA) that defines “full-time nurse faculty” as individuals pursuing an academic educator and/or clinical educator/preceptor role following graduation. This definition allows individuals to meet various qualifications within several nursing roles and still qualify for an NFLP loan. “Full-time” nurse faculty employment is defined by the borrower’s employer and may consist of multiple positions in which there is an education component involved (does not have to be the majority of the time). The employer must be an accredited institution (i.e. hospital, school, institution, community program).
How to Apply for NFLP Funding
Eligible Borrowers
To be eligible to receive an NFLP loan, a borrower must:
Maintain good academic standing, according to the College, while enrolled in the advanced nurse education program. NFLP is not a need-based program, therefore financial records are not required to determine eligibility, however, a FASFA must be completed each year that funds are requested.