NMC Again Awarded NFLP Funding for 2012-2013 School Year
- Date: August 1, 2012
- Author: NMC Public Relations
The NFLP at NMC will provide loan funding to assist nurses working to complete their graduate education to become qualified nurse educators.
OMAHA- For the second consecutive year, Nebraska Methodist College-The Josie Harper Campus (NMC) has been awarded more than $650,000 by the Health Resources and Services Administration (HRSA) for the Nurse Faculty Loan Program (NFLP).
The NFLP at NMC will provide loan funding to assist nurses working to complete their graduate education to become qualified nurse educators. Students at NMC who are awarded NFLP assistance receive loans that pay for tuition and fees each semester the students are enrolled in the program, fulltime or part-time.
The purpose of the NFLP is to make funds available for graduate students pursuing the master of science degree in nursing (MSN) with a concentration in nursing education at NMC. This program addresses the faculty shortage and growing demand for qualified nursing faculty in academic settings. The loan program is available online to students from across the United States, which helps with the nursing shortage at the local, regional, state and national levels.
"Our aging population continues to escalate the demand for more nurses. We need nurse educators to provide that training," said Linda Foley Ph.D., MSN, RN, director of graduate nursing programs at NMC. "This program provides the incentive and the financial support to recruit the professionals who will be charged with educating that next generation of nurses."
Loan recipients who complete the program can cancel up to 85 percent of the loan principal and interest in exchange for four years of service as a full-time faculty member at a school of nursing in any state. Twenty percent of the debt is cancelled for each of the first three years of service and the additional 25 percent for the fourth year. Payment of the remaining 15 percent of the loan balance is deferred during the cancellation period.
Nurses seeking additional information on NFLP loans should contact the NMC Financial Aid Office at (402) 354-7227.