Hyden, KY (PRWEB) August 12, 2014
Frontier Nursing University has been awarded continuation funding from the Health Resources and Services Administration Program's Scholarship for Disadvantaged Students and the Nurse Faculty Loan Program.
The Scholarship for Disadvantaged Students Program, originally awarded at a total of $1,350,000 over a 4 year period, has been renewed for 2014-15 in the amount of $366,000. The purpose of the SDS Program is to increase diversity in the health professions and nursing workforce by providing grants to eligible health professions and nursing schools for use in awarding scholarships to financially needy students from disadvantaged backgrounds.
The Nurse Faculty Loan Program was awarded to FNU in 2013 in the amount of $174,044 and was renewed again this year in the amount of $212,970 for 2014-15. The purpose of NFLP is to increase the number of qualified nursing faculty to facilitate education of the nurses needed to address the nursing workforce shortage. FNU has received NFLP funding to support 20 students who plan to complete the DNP degree and wish to work as faculty at a school of nursing after graduation. The program offers partial loan forgiveness for borrowers that graduate and serve as full-time nursing faculty for the prescribed period of time. The loan recipients may cancel 85 percent of the loan over four years in return for serving full time as faculty in any accredited school of nursing.
“We are thrilled to be able to continue to provide financial assistance to our students pursuing master’s and doctoral degrees. We know what a challenge it is for students to balance family life with obtaining graduate education, and we don’t want them to have any more financial hardship than is necessary,” said Dr. Susan Stone, FNU President.