We are taking applications for NFLP funding for August 2021 - May 2022.Applications are due by July 1, 2021. The Nurse Faculty Loan Program is available to DNP and Ph.D. students who plan to teach in a nursing program after graduation. The loan covers two semesters (fall/spring or spring/summer) of costs for tuition, books, fees, and software. The application to the loan program specifies the semesters of loan support and the amount needed. The loan is 85% cancelable after working full-time in the same faculty position for 4 consecutive years. The loan cancellation over the 4-year period is as follows: 20% 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%, followed by the cancellation of 25% 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 of the remaining 15% of the loan balance is postponed during the cancellation period. NFLP loans accrue interest at a rate of 3% per annum beginning 3 months after graduation (per PHS Act Section 846A (c)(6)(A)) for loan recipients who establish employment as nurse faculty. In order to apply for the NFLP, DNP, and Ph.D. students must: Be enrolled full-time or part-time in the DNP or Ph.D. program; Agree to take at least three nurse education classes as electives or in addition to the established program of study (see next page for list); Be in good academic standing; Meet citizenship requirements; Must NOT be in default on other Federal loans; and Complete the NFLP application and return it to the Office of Graduate Programs. Candidates must also complete FAFSA online to be considered for funds. The deadline for funding assistance is shown below: August 1 for Fall admission December 1 for Spring admission