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.



Agency - Department of Health and Human Services

The Department of Health and Human Services is the Federal government's principal agency for protecting the health of all Americans and providing essential human services, especially to those who are least able to help themselves.




Program Accomplishments

Not Applicable.

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 of a baccalaureate or graduate degree program, 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 Commonwealth of Puerto Rico, the Northern Mariana Islands, the U. S. Virgin Islands, Guam, American Samoa, 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 loans.

Eligibility Requirements

Applicant Eligibility

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.

Federally Recognized Indian Tribal Government and Native American Organizations may apply if they are otherwise eligible.

Beneficiary Eligibility

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 Commonwealth of Puerto Rico, the Northern Mariana Islands, the U.S. Virgin Islands, Guam, American Samoa, the Republic of Palau, the Republic of the Marshall Islands, and the Federated States of Micronesia.

Credentials/Documentation

New applications for this program can be acquired from the Division of Health Careers and Financial Support by calling (301) 443-1173. Annual operating reports serve as the new year application for current NSL recipient institutions. 2 CFR 200, Subpart E - Cost Principles applies to this program.

Aplication and Award Process

Preapplication Coordination

Preapplication coordination is not applicable.

Environmental impact information is not required for this program.

This program is excluded from coverage under E.O.

12372.

Application Procedures

This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. This program is excluded from coverage under 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards. Students should apply at financial aid office of school of their choice for assistance in applying for a loan. The school then tabulates requests for financial aid and awards loans based on needs of students and available funds. Schools can obtain new applications for this program can be acquired from the Division of Health Careers and Financial Support by calling (301) 443-1173. Annual operating reports serve as the new year application for current NSL recipient institutions.

Award Procedures

Notification of award is made in writing (electronic) through a Notice of Award. 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.

Deadlines

Contact the headquarters or regional office, as appropriate, for application deadlines.

Authorization

Public Health Service Act, Section 835-842, 42 U.S.C. 297a-i, as amended; Health Professions Education Partnership Act of 1998, Public Law 105-392.

Range of Approval/Disapproval Time

Approximately 120 - 180 days after receipt of applications.

Appeals

Not Applicable.

Renewals

Applications are only required for new schools. Annual Operating Reports are required for renewals.

Assistance Considerations

Formula and Matching Requirements

Statutory Formula: Allotment of funds is based on statutory formula which takes into account the ratio each school's enrollment bears to the enrollments of all schools making application for funds, but never exceeds the school?s request. Matching Requirements: 11%. Under the Federal Capital Contribution method, schools participating in loan programs must match the federal contribution with an amount not less than one-ninth of the funds drawn down. 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. Recipient schools draw down funds, as necessary, from the Payment Management System (PMS), the centralized web based payment system for HHS awards. See the following for information on how assistance is awarded/released: recipients 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

Reports

An Annual Operating Report (AOR) through electronic submission at http://grants.hrsa.gov must be submitted 45 days after the end of each budget period.

Cash reports are not applicable.

Progress reports are not applicable.

Expenditure reports are not applicable.

Performance monitoring is not applicable.

Audits

In accordance with the provisions of 2 CFR 200, Subpart F - Audit Requirements, non-Federal entities that expend financial assistance of $750,000 or more in Federal awards will have a single or a program-specific audit conducted for that year. Non-Federal entities that expend less than $750,000 a year in Federal awards are exempt from Federal audit requirements for that year, except as noted in 2 CFR 200.503.

Records

Recipients are required to maintain grant accounting records 3 years after the date they submit the Annual Operating Report (AOR). If any litigation, claim, negotiation, audit or other action involving the award has been started before the expiration of the 3 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 3 year period, whichever is later.

Financial Information

Account Identification

75-0350-0-1-550.

Obigations

(Direct Loans) FY 16 $5,055,338; FY 17 est $9,342,281; and FY 18 est $7,198,809

Range and Average of Financial Assistance

Range: $2,149 to $401,893 (FY16); Average: $88,690 per institution for FY 16.

Regulations, Guidelines, and Literature

All administrative and audit requirements and the cost principles that govern Federal monies associated with this activity will be subject to the Uniform Guidance 2 CFR 200 as codified by HHS at 45 CFR 75. HRSA awards are also 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/hhsgrantspolicy.pdf.

Information Contacts

Regional or Local Office

None.

Headquarters Office

Christopher Grosso , Division of Health Careers and Financial Support, Bureau of Health Workforce, Health Resources and Services Administration, Department of Health and Human Services, Parklawn Building 5600 Fishers Lane, Room 15N58B, Rockville, Maryland 20857 Email: cgrosso@hrsa.gov Phone: (301) 443-1173

Criteria for Selecting Proposals

Applications will be reviewed for completeness and accuracy, and to determine if applicant schools meet minimum program requirements.



Social Entrepreneurship
Spotlight



World Wildlife Fund Participates in Google Glass Philanthropy Initiative

World Wildlife Fund Participates in Google Glass Philanthropy Initiative
The World Wildlife Fund (WWF) participated in Google’s Giving Through Glass program last fall. The program is designed...



Social Sector Jobs

  Social Work Jobs
  Social Services Jobs
  Social Services Employment
  Human Services Jobs
  Substance Abuse Jobs





More Federal Domestic Assistance Programs


Education Program Management | Rehabilitation Services American Indians with Disabilities | Threatened and Endangered Species | Recreation Resources Management | Science |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2018 Copyright Michael Saunders