Loans

There are a variety of loan programs available to nursing students. Please keep in mind that loans accrue interest and must be repaid either while attending school, after you graduate or after withdrawing from the university. Visit the Student Financial Aid website for more information on loans. If you would like to contact a financial aid counselor for assistance, you can do so through Buckeyelink.

Nursing Faculty Loan Program 

The NFLP is designed to address the growing shortage of nursing faculty across the country. This shortage has broad-reaching implications; it has created a large number of open faculty opportunities at colleges and universities, which can influence the number of nursing students admitted and educated in nursing programs. The number of graduates being educated in academic institutions is not able to adequately address the growing need for qualified nurses to provide quality healthcare to our nation’s population. The NFLP provides funding to eligible doctoral students enrolled in the College of Nursing who have an interest in becoming a full-time faculty member upon completion of their terminal degree. The program has a cancellation provision for up to 85 percent of the loan for recipients working full-time as nursing faculty for a period of four years after graduation. Twenty percent of the loan may be canceled for each of the first, second and third years, and 25 percent may be canceled for the fourth year of full-time employment as nursing faculty. Funds awarded through the NFLP are distributed to student accounts every Autumn and Spring semesters. Summer term is not included in the NFLP award.

The application for the 2023-24 academic year will be available in mid-June 2023. The College will make an effort to notify qualified students.

Please contact Gina at clark.2829@osu.edu for more information. Funding may still be available outside the application period.