The William Paterson University Graduate Nursing Program was approved to provide loan support to full-time master’s degree students who wish to become nurse faculty. The Nurse Faculty Loan Program (NFLP) was awarded to William Paterson University as an effort to ease the nursing faculty shortage from the Division of Nursing, U.S. Public Health Service. The NFLP loan covers up to the maximum costs of tuition/fees/books, not to exceed $30,000 per year.
The graduate nursing program is accepting applications for its current year.
- You must possess a baccalaureate degree in nursing
- You must meet the requirements of admission into the graduate nursing program
- You must be a U.S. citizen, national or permanent resident
- You must be enrolled full time in the nursing education program track which prepares for a qualified nurse faculty
- You must take a minimum of nine (9) credits of academic coursework/year and complete your master’s degree in four semesters
- You must not be in default on other Federal loan programs
Following graduation from the nursing program, student borrowers may cancel up to 85% of the NFLP loan principle and interest while working as a full-time nurse faculty member over a consecutive four-year period. The borrower has a maximum period of 12 months following graduation to begin working as a full-time faculty member.
NFLP loans bear interest on the unpaid balance at a rate of 3% per year for student borrowers that establish employment as nurse faculty following graduation. The loan cancellation provision works as follows:
- Upon completion by the borrower of each of the first, second, and third year of full-time employment as a faculty member in a school of nursing, the school will cancel 20% of the principle of and interest on the NFLP loan, as determined on the first day of employment.
- Upon completion by the borrower of the fourth year of full-time employment as a faculty member in a school of nursing, cancel 25% of the principle of and interest on the NFLP loan, as determined on the first day of employment.
- The remaining 15% of the loan will be postponed during the cancellation period.
Apply to the Office of Graduate Admissions & Enrollment Services or via the web at http://ww2.wpunj.edu/admissn. NFLP applications can be picked up in Hunziker Wing Room 240 or by contacting the Graduate Nursing Program Director. Students will also need to complete a FAFSA application at www.fafsa.ed.gov.
For further information, please contact: Kem Louie, PH.D, RN, APRN, FAAN, Associate Professor and Director of the Graduate Nursing Program, William Paterson University of NJ, and 973-720-3215/3511 or email louiek@wpunj.edu.
