The Kean University School of Nursing, Union, N.J., has been awarded more than $300,000 in funding from the U.S. Department of Health and Human Services, Health Resources and Services Administration to administer a Nurse Faculty Loan Program.
The $309,183 for July 1, 2014, through June 30, 2015, will be administered by Virginia Fitzsimons, the programs director. Up to 25 students in Keans PhD in nursing educational leadership program will be eligible for financial support.
[This] funding recognizes the world-class education that our students receive and creates opportunities for students who otherwise would not typically consider pursuing a doctoral degree, Jeffrey Toney, Keans provost and vice president for academic affairs, said in a news release. I am confident that each of our graduates will pay it forward by preparing highly skilled nurses and nursing faculty critical to supporting public health in New Jersey and beyond.
The loan program was created by Congress to increase the number of qualified nursing faculty by providing financial support for students enrolled in advanced nursing education programs, according to the release. In 2010, the Affordable Care Act granted funding priority to schools of nursing that support doctoral nursing students.
Eligible students may request support to cover full or partial tuition and fees for the academic year, not to exceed $35,500 during fiscal year 2014-15. NFLP loan support includes the cost of tuition, fees, books, laboratory expenses and other reasonable education expenses.
Under the program, loan recipients who continue working as nurse faculty over a consecutive four-year period may earn a loan cancellation of up to 80%.
Keans PhD in nursing educational leadership program began Jan. 21.