For students interested in a career as a full-time nurse educator, we offer the Nurse Faculty Loan Program. Funded by the Health Resources and Services Administration Bureau of Health Professionals, the loan provides master’s and doctoral students as much as $35,000 annually for a maximum of five years to cover tuition, fees, books and other reasonable education expenses.
After graduating from the MSN Nursing Education program, up to 85% of the loan and principal interest is canceled for individuals who work as full-time nursing faculty at a school of nursing.
To be eligible for the Nurse Faculty Loan Program, individuals must:
Admission Materials
Complete the application and email it as a PDF document to Krista Maddox at [email protected]. Do not apply for the Nurse Faculty Loan Program until after you have been admitted to the MSN Nursing Education online program or can show you are already a Certified Nurse Educator.
For more information, contact the Office of Student Affairs at 513-558-3600.
Admitted or enrolled students in a Master of Science in Nursing, Doctor of Nursing Practice or PhD program can apply. In addition, applicants must be:
Borrowers should maintain full- or part-time enrollment status for a minimum of two terms/semesters during an academic year while receiving the loan.
In addition to Nurse Faculty Loan Program support, students can receive support from other federal programs, as long as the funds are not used to cover the same costs during the academic year. Students could have received other federal support that does not cover all costs (tuition, fees and other expenses) for the academic period; in this case, the student may receive NFLP support to cover the remaining costs, excluding stipend support. To apply for Title IV federal grants, loans and work-study, submit a Free Application for Federal Student Aid (FAFSA) available at studentaid.gov
Borrowers must be accepted in a full-time faculty position at an accredited school of nursing. Those who are current full-time faculty members qualify for NFLP funds, presuming they will continue in that role after graduation, per the terms of the loan.
Borrowers are responsible for documenting their employment upon graduation to request the loan cancellation each year. The Employment Certification Form is available on the university’s billing service’s webpage (made available when you complete the exit interview process). Several required NFLP forms are available on ECSI’s webpage.
Following graduation from the program, borrowers who fail to establish employment as full-time nurse faculty at a school of nursing must begin repayment of the loan after a 9-month grace period at the prevailing market rate.
The loan will bear interest on the unpaid balance:
Loans of borrowers employed as full-time nurse faculty members at a school of nursing for a consecutive 4-year period will bear interest at the rate of 3 percent for the four-year period and the remaining 6 years of the “repayment period.”
If the borrower ceases full-time employment as nurse faculty at a school of nursing, the loan will bear interest at the prevailing market rate.
The grace period begins immediately after completion of the program, or voluntary termination as a student, and lasts for nine months. During this period, students are not required to repay the loan. The loan is repayable in equal or graduated periodic installments (with the right of the borrower to accelerate payment) over a 10-year period that begins nine months after the borrower:
The Nurse Faculty Loan Program is a loan cancellation program with a service obligation for recipients of the loans. To be eligible for the 85% cancellation, the borrower must agree to serve as full-time nurse faculty at an accredited school of nursing for a consecutive four-year period, following graduation from the program. The granting institution will make loans to eligible students for the cost of tuition, fees, books, lab expenses and other reasonable education expenses. The loan amount cannot exceed $35,500 per year and cannot extend more than 5 years per student.
To receive loan cancellation, the borrower must be employed full-time as a nurse faculty at an accredited school of nursing for a complete year, as is defined by the employing school of nursing or 12 consecutive months. The school will cancel an amount of up to 85% of the loan (plus interest) as follows:
To receive loan cancellation, the borrower must submit the Request for Partial Cancellation of Loan form to the lending school at the end of each complete year of full-time employment as faculty at a school of nursing. The Request for Partial Cancellation of Loan form is obtained from the university’s billing service, ECSI Inc.
Most of our programs do not require onsite visits, but there is one exception. If you are interested in pursuing the Master of Science in Nursing-Nurse Midwifery, you will have 1 skills intensives that takes place on campus.
Yes. The vast majority of our students work throughout their time in their academic program. It is important to assess course load and financial aid to understand how to balance school and work.
If possible, students may cut down on their work hours during a clinical portion of a program.
The MSN Nursing Education program can be done in as little as one year. There are additional options available for the program that allow students to take this program at a slower pace. Although these options extend the length of the selected program, they often make it a more feasible option for the student.
Additional resources to support you from start to finish.
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