The Florida Legislature created the Nursing Student Loan Forgiveness Program (NSLFP)
in 1989, to encourage qualified personnel to seek employment in areas of the state
where there are critical nursing shortages.
Important Notice - Income Tax Reporting
Nursing Student Loan Forgiveness Program payments made to participants are considered
exempt from federal income taxes.
The Affordable Care Act of 2010 amends the Internal Revenue Code section 108(f) and
retroactively expands the tax exclusion for amounts received under state loan repayment or
loan forgiveness programs that are intended to increase the availability of health care services
in underserved areas. Below is a link to the Internal Revenue Service News Release on the newly
enacted law:
Enrollment Dates and Application Timeframes
(Currently) not accepting Applications for February 1 - June 1 Timeframe
APPLICATION
TIMEFRAMES
|
DEADLINE
|
ENROLLMENT
DATE
|
|
February 1 - March 1
|
March 1
|
April 1
Closed      
|
|
May 1 - June 1
|
June 1
|
July 1
Closed      
|
|
August 1 - September 1
|
September 1
|
October 1
|
|
November 1 - December 1
|
December 1
|
January 1
|
Program Overview
The Florida Legislature established the Nursing Student Loan Forgiveness Program (NSLFP) in
1989 to encourage qualified personnel to seek employment in areas of the state where critical
nursing shortages exist. The program provides funds to assist in the repayment of nursing
education loans.
Eligibility Requirements
Applicant must:
-
Be licensed as an LPN, RN, or ARNP in the state of Florida
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Have loans incurred toward a nursing education
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Work full-time at one of the designated sites established
in Section 1009.66, Florida Statutes (listed below)
Designated Employment Sites and Facilities
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State of Florida operated medical and healthcare facilities
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Public schools
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Department of Health county health departments
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Federally sponsored community health centers
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Teaching hospitals*
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Family practice teaching hospitals*
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Specialty hospitals for children*
-
Match facilities - Other Florida licensed hospitals, birth centers and nursing
homes must be matched on a dollar-for-dollar basis by contributions from the
employing institutions.
    * As defined by statute
Loan Payment
-
From funds available, the program may make nursing education loan repayments of up
to $4000 per year, per nurse enrolled in the program, for a maximum of four years.
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Payment is made at the end of each 12 month enrollment period and made directly to
the participant’s lender for the student loan.
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Enrollment and payment of awards is based on available funds.