Accredited schools of nursing may apply for a grant from the U.S. Health Resources and Services Administration (HRSA) for nurse faculty loan programs by February 25^th. The NFLP is intended to increase the number of qualified nursing faculty by providing funding to schools of nursing to support the establishment and operation of a distinct, interest-bearing NFLP loan fund. Participating schools of nursing make loans from the fund to assist registered nurses in completing their graduate education to become qualified nurse faculty, followed by loan cancellation of up to 85 percent for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time. HRSA anticipates making 105 awards across the country.