Nursing Student Loans
To increase educational opportunities by providing long-term, low-interest loans to students in need of financial assistance and in pursuit of a course of study in an approved nursing program.
Last Known Status
Agency: Department of Health and Human Services
Office: Health Resources and Services Administration
Types of Assistance
Uses and Use Restrictions
The maximum amount a student may borrow is $3,300 for an academic year for each of the first two years, $5,200 for each of the final two years, or the amount of the student's financial need, whichever is less. The total of all Nursing Student Loans to any student is limited to $17,000. Loans will be made to full and half-time nursing students enrolled after June 30, 2000 who are citizens, nationals, lawful permanent residents of the United States, the District of Columbia, the Commonwealths of Puerto Rico, the Mariana Islands, the Virgin Islands, Guam, the American Samoa, the Trust Territory of the Pacific Islands, the Republic of Palau, the Republic of the Marshall Islands, and the Federated States of Micronesia. Funds are made to schools of nursing to capitalize loan.
Public Health Service Act, Title VIII, Section 835-842, 42 U.S.C. 297a-i, as amended; Health Professions Education Partnership Act of 1998, Public Law 105-392.
All accredited public and nonprofit private schools of nursing that prepare students for practice as registered or graduate nurses, and that do not discriminate against students because of race, color, origin, sex, or handicapping conditions, are eligible to apply for funds to be disbursed to qualified nursing students.
The Nursing Student Loan Program provides financial assistance to nursing students who are citizens, nationals or lawful permanent residents of the United States or the District of Columbia, the Commonwealths of Puerto Rico or the Mariana Islands, the Virgin Islands, Guam, the American Samoa or the Trust Territory of the Pacific Islands, the Republic of Palau, the Republic of the Marshall Islands, and the Federated State of Micronesia.
Applicants should review the individual HRSA funding opportunity announcement issued under this CFDA program for any required proof or certifications which must be submitted prior to or simultaneous with submission of an application package. This program is excluded from coverage under OMB Circular No. A-87.
Application and Award Process
Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.
This program is excluded from coverage under OMB Circular No. A-102. OMB Circular No. A-110 applies to this program. New applications for this program can be acquired from the Division of Student Loans and Scholarships by calling (301) 443-1173.
Annual operating reports serve as the new year application for current NSL recipient institutions.
The Notice of Award is sent to the School's Contact Person notifying the school of the amount of federal funds allocated for loans prior to the beginning of the academic year in which the award is to be utilized. Student is notified by student aid office of approval or disapproval at times determined by schools.
The HRSA program official with delegated authority is responsible for final selection and funding decisions. Notification is made in writing (electronic) by a Notice of Award.
Contact the headquarters or regional office, as appropriate, for application deadlines.
Range of Approval/Disapproval Time
Approximately 6 months.
Applications are required for new schools. Annual operating reports are required for renewals.
Formula and Matching Requirements
This program has no statutory formula.
Matching Requirements: Matching Requirements: Percent: 11%. Schools participating in loan programs must match the federal contribution with an amount not less than one-ninth of the federal allotment.
MOE requirements are not applicable to this program.
Length and Time Phasing of Assistance
Length and time of assistance depends upon the time required by the student to complete the necessary course of study leading to a degree and is subject to availability of funds. See the following for information on how assistance is awarded/released: Grantees draw down funds, as necessary, from the Payment Management System (PMS). PMS is the centralized web based payment system for HHS awards.
Post Assistance Requirements
Annual Operating Report (AOR) through electronic submission at http://grants.hrsa.gov. AOR must be submitted 45 days after the end of each budget period. No cash reports are required. No progress reports are required. No expenditure reports are required. No performance monitoring is required.
In accordance with the provisions of OMB Circular No. A-133 (Revised, June 27, 2003), "Audits of States, Local Governments, and Non-Profit Organizations," nonfederal entities that expend financial assistance of $500,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Nonfederal entities that expend less than $500,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in Circular No. A-133.
Grantees are required to maintain grant accounting records three years after the date they submit the Federal Financial Report (FFR). If any litigation, claim, negotiation, audit or other action involving the award has been started before the expiration of the three year period, the records shall be retained until completion of the action and resolution of all issues which arise from it, or until the end of the regular three year period, whichever is later.
(Direct Loans) FY 12 $1,629,296; FY 13 est $1,794,588; and FY 14 est $1,794,588
Range and Average of Financial Assistance
Range:$1,001 to $229,511 (FY2012); Average: $19,869 per institution for FY 12.
Regulations, Guidelines and Literature
This program is subject to the provisions of 45 CFR Part 74 for institutions of higher education, hospitals, other nonprofit organizations and commercial organizations, as applicable.
HRSA awards are subject to the requirements of the HHS Grants Policy Statement (HHS GPS) that are applicable based on recipient type and purpose of award. The HHS GPS is available at http://www.hrsa.gov/grants.
Regional or Local Office
See Regional Agency Offices. Christopher Grosso, Division of Student Loans and Scholarships, Bureau of Health Professions, Health Resources and Services Administration, Department of Health and Human Services, Parklawn Building, Room 9-105, 5600 Fishers Lane, Rockville, MD 20857. Telephone: (301) 443-1173.
Christopher Grosso 5600 Fishers Lane, Room 9-105, Rockville, Maryland 20857 Phone: (301) 443-1173
Examples of Funded Projects
Criteria for Selecting Proposals
Applications will be reviewed for completeness and accuracy, and to determine if applicant schools meet minimum program requirements.