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Nurse Faculty Loan Program

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Up to 85% of loans forgiven after a student's four-year teaching committment is completed.

Nurses enrolled in the Clarkson College Doctor of Healthcare Education & Leadership (Ed.D.) program or the Master of Science in Nursing (MSN) Nursing Education program option are eligible to participate in the Nurse Faculty Loan Program (NFLP). The program aims to increase the number of trained nurses entering the workforce by offering loan forgiveness to students pursuing an education to become nursing faculty.

Recipients are required to teach at least four consecutive years following graduation to meet loan forgiveness eligibility requirements. Upon completion of each teaching year, a percentage of the student’s loans will be forgiven with up to 85% forgiven, following the fourth year.

The NFLP loan covers the cost of tuition, fees and books while a student is enrolled part time or full time. Loans may not exceed $35,500 for an academic year and more than five years of support. Funding is limited to one advanced degree.

Interest begins to accrue three months after the borrower graduates or ceases to be enrolled in an eligible program of study. The interest rate will be 3% per year for borrowers who graduate and fulfill their full-time four-year teaching obligation. For borrowers who do not graduate, do not obtain full-time employment or do not complete the entire four-year service agreement, interest will accrue at the prevailing market rate. This prevailing market rate is determined by the U.S. Treasury Department and has ranged from 9.75% to 10.75% in recent years.

Clarkson College Awarded $1 Million Grant for Nurse Educators Due to Increased Need for Nurses. Read more.

 

For questions, contact Financial Aid at jorgensenbailey@clarksoncollege.edu.

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Opportunities in Nursing Education

Nurses in clinical settings teach every day, whether it be their patients, colleagues or nursing students. A career in nursing education allows you to hone your skills as an instructor and lead the way for the next generation of nurses.

  • More flexibility than a clinical work setting
  • Leadership opportunities in the nursing field
  • Ability to advance in the nursing profession

“Making the decision to return to school after almost 10 years, and over the age of 45, was not easy. The time and financial commitment to further my education and career goals was something to consider as I have a family to care for as well. The Nurse Faculty Loan Program (NFLP) offered through Clarkson College made this decision a bit easier. Being able to continue my education to reach my goals, knowing the financial burden of higher education would be lessened, motivated me to work harder and dream bigger. This opportunity provided by Clarkson College has been greatly appreciated.”

Stacey Poldervaart, MSN, RN ('18, '20), Doctor of Healthcare Education and Leadership student