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This document describes the requirements for the Nurse Faculty Loan Program's Annual Performance Report Financial Data Form, which collects financial data related to NFLP loan funds and their use.
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How to fill out nurse faculty loan program
How to fill out Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form
01
Obtain the Nurse Faculty Loan Program (NFLP) Annual Performance Report Financial Data Form from the designated website or institution.
02
Fill in the institution's name and contact information at the top of the form.
03
Provide financial data for the reporting year, including total income, expenditures, and any outstanding loans.
04
Detail the use of NFLP funds, including how they were allocated across various departments or expenses.
05
List any changes in financial data compared to the previous year and provide explanations for these changes.
06
Ensure all figures are accurate and match the institution’s financial records.
07
Review the completed form for any errors or omissions.
08
Submit the form by the specified deadline to the appropriate NFLP contact or department.
Who needs Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form?
01
Institutions that participate in the Nurse Faculty Loan Program (NFLP) to report their financial performance and utilize NFLP loan funds effectively.
02
Nursing schools that have received NFLP funding to demonstrate accountability and compliance with federal requirements.
03
Administrators and financial officers responsible for managing NFLP resources and preparing annual reports.
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People Also Ask about
How does an NFLP loan work?
NFLP recipients must work for four consecutive years as full-time nursing faculty to receive the 85% cancellation. What happens to the other 15% that isn't cancelled? The remaining 15% of the loan that is not cancelled is paid back by the NFLP recipient over 10 years at an interest rate of 3%.
What is the full form of NFLP?
Nurse Faculty Loan Program (NFLP)
Who qualifies for the nurse corps loan repayment program?
To be eligible for loan repayment, all applicants must: • Be a U.S. citizen, U.S. national, or lawful permanent resident; • Have a current, full, permanent, unencumbered, unrestricted license; • Have earned a diploma, associate, baccalaureate, graduate or doctorate degree in nursing and have outstanding nursing
What does NFLP stand for?
Nurse Faculty Loan Program (NFLP)
What is the interest rate for the Nflp?
NFLP loans accrue interest at a rate of three percent per annum (per PHS Act Section 846A (c)(6)(A)) for loan recipients who establish employment as nurse faculty.
Is there loan forgiveness for nurses?
Federal programs like Public Service Loan Forgiveness (PSLF), Nurse Corps Loan Repayment, Perkins cancellation, NHSC, and military options forgive nurse debt after service. PSLF forgives loans after 120 payments; Nurse Corps repays up to 85% of unpaid nursing education debt after two years.
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What is Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form?
The Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form is a document used to report financial data and performance indicators related to the NFLP, which aims to increase the number of nurse faculty in academic settings.
Who is required to file Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form?
Educational institutions that participate in the Nurse Faculty Loan Program and receive funding for the training of nurse faculty are required to file this report annually.
How to fill out Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form?
To fill out the NFLP Annual Performance Report Financial Data Form, institutions must gather financial data related to loan disbursements, recipient employment outcomes, and program impact, and enter this information accurately into the designated sections of the form.
What is the purpose of Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form?
The purpose of the NFLP Annual Performance Report Financial Data Form is to track the utilization of funds, assess the effectiveness of the program, and ensure compliance with reporting requirements set forth by the U.S. Department of Health and Human Services.
What information must be reported on Nurse Faculty Loan Program (NFLP)— Annual Performance Report Financial Data Form?
Information that must be reported includes loan amounts disbursed, the number of participants in the program, their employment status in academia, repayment status of loans, and metrics related to the overall effectiveness of the program in addressing faculty shortages.
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