Application cycle open for DNP Students, closes on March 25, 2022 @ 11:59 p.m. PST,
Overview
Mervyn M. Dymally School of Nursing receives the Federally funded Nursing Faculty Loan Program (NFLP) funding from the Department of Health and Human Services (HHS) to operate a student loan fund to increase the number of qualified nursing faculty.
The NFLP is a loan cancellation program with a service obligation for recipients of the loans. To be eligible for the maximum of 85 percent 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. Following graduation, the Borrower must submit certification of employment within a reasonable time frame, as determined by the school. NFLP borrowers are limited to a 12-month timeframe to establish employment as full time nurse faculty at an accredited school of nursing following graduation from the program. It is the student’s responsibility to complete and submit required documentation.
Eligibility
To be eligible for the Nursing Faculty Loan Program, applicants must:
- Be a U.S. Citizen or national of the U.S., or a lawful permanent resident of the U.S and its territories
- Be enrolled as a full-time student in good standing in an eligible program at the time the NFLP loan is established and must complete the education component(s) to prepare qualified nurse faculty.
- Be in good academic standing in an advance nurse education program at the school
- Have no judgment liens entered against him/her based on the default on a Federal debt. 28 U.S. C. 3201 (e). The borrower should maintain full time enrollment status for a minimum of 2 terms/semesters during an academic year while receiving the NFLP loan
The FAFSA and the NFLP application are required
Step 1: Complete a FAFSA via FAFSA.GOV to have your federal student loan eligibility reviewed.
Step 2. The Nursing Faculty Loan program applications are available through Mervyn M. Dymally School of Nursing. Please contact NFLP@cdrewu.edu to request the application.
Step 3 Submit the completed Nursing Faculty Loan application to NFLP@cdrewu.edu
Next Steps
Once you are awarded the Nursing Faculty Loan you will meet with the CDU’s Financial Aid department to complete the process for loan disbursement; to review loan requirements, loan repayment requirements, sign the required documents and counseling.
It is the student’s responsibility to contact the school of nursing (NFLP@cdrewu.edu) and CDU’s Financial Aid Office (finaid@cdrewu.edu) to be cleared on the final disposition of the loan prior to graduation, leaving school, or dropping below halftime enrollment.